Trump Imposes Staggering $100,000 Annual Fee on H-1B Visas, Jolting Tech Industry
Trump Imposes Staggering $100,000 Annual Fee on H-1B Visas, Jolting Tech Industry President Donald Trump signed a proclamation on Friday, enacting an unprecedented annual fee of $100,000 on H-1B visa applications. This drastic measure is poised to deliver a significant blow to the US tech industry, which heavily relies on skilled workers from countries like India and China. Commerce Secretary Howard Lutnick confirmed the new fee at a press briefing, stating that major companies had been informed. Lutnick emphasized the…