
FOXBUSINESS.COM
H-1B visa
Trump admin $100k annual fee for new H-1B visa applications sparks raging debate
SUMMARY
President Trump signed a proclamation imposing a $100,000 annual fee on new H-1B visas. This fee aims to discourage tech companies from hiring foreign workers and is intended to protect American jobs. Commerce Secretary Howard Lutnick stated, "The whole idea is no more will these big tech companies or other big companies train foreign workers."
Alongside the fee, Trump introduced a "gold card" visa for wealthy individuals costing $1 million and a corporate version for businesses at $2 million. There is also a "Trump Platinum Card" for $5 million. The policy shift could impact the U.S. technology sector and its ability to attract top talent.
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