Trump's New H-1B Visa Cost Could Hurt US Tech Companies

The Trump administration has increased the application fee for H-1B visas, which are used by US tech companies to hire foreign workers. The new fee is set at $100,000, significantly higher than the previous cost. This move could make it more difficult for US tech firms to attract and retain skilled foreign talent, as the increased cost may deter potential applicants. The report mentions that some companies have already instructed their affected employees to return to the US immediately and avoid traveling overseas, suggesting the policy change has immediate consequences. The H-1B visa program has been a critical tool for the US tech industry to access global talent, and the higher application fee could potentially undermine the competitiveness of American tech companies. The article provides a concise overview of the Trump administration's policy shift and its potential impact on the US tech sector.