Trump imposes an annual $ 100,000 annual fee on H-1B visas for foreign workers

president Donald Trump Friday’s announcement imposed a $ 100,000 annual fee on H-1B visas, thus changing how foreign workers are employed in the United States

“The whole idea is no longer these large technology companies or other major companies training foreign workers. It should pay the government 100,000 dollars, then they must pay the employee, so not only (economically),” Trade Minister Howard Lottenic told reporters on Friday with Trump’s signing of the matter. He added, “All the big companies on the plane.”

A White House official informed of the Fox Business told that the fees apply to new visas and will not affect the current renovations or holders of the current H-1B visa.

In addition to the drawings, Trump also put up.Gold Card“Who will give wealthy individuals a path to citizenship.

Fees will be imposed on individuals looking to get a million dollar gold card and companies will need to pay two million dollars, According to axios. The company’s card will allow companies to sponsor an employee. There will be no additional fees if the company chooses to switch care to a different factor.

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There will also be a more premium option known as the “Trump Platinum Card”, which holds a price of $ 5 million and will allow holders to spend up to 270 days in the United States without being subjected to tax on non -American income.

The H-1B visas were a great axis in the immigration discussion during the second period of Trump. While visas require applicants to obtain a Bachelor’s degree at least, there are some who argue that H-1BS is often used to employ cheap workers on American workers.

“President Trump promised to put American workers first, and this logical work does this completely by inhibiting companies from the random mail of the system and lowering wages. He also gives certainty to American companies who already want to bring high skills workers to our great country but were refuted through regime violations,” Taylor Rogers, a White House spokeswoman, told Fox Progens.

White House He said in a newspaper newspaper that the share of IT workers with H-1B visas increased from 32 % in the 2003 fiscal year to more than 65 % in recent years. Meanwhile, the Trump administration said that unemployment among computer science graduates amounted to 6.1 % and 7.5 % for computer engineering graduates.

“The H-1B program creates inhibitors for future American workers to choose STEM jobs, threatening our national security.” White House He said.

JPMorgan employees have been notified by Ogetree Deakins, a company that deals with visa applications for the bank, that H-1B visa holders should avoid international travel “in order for the government to issue clear travel instructions”, ” According to Reuters.

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According to what was reported, Amazon published internal instructions on Friday evening with a similar warning, I mentioned the work from the inside.

The company told employees, according to Business Insider: “If you have a H-1B case and you are in the United States: Stay in the country now, even if you have planned to travel for the direct future,” the company told employees, according to Business Insider. The guidelines also advised H-1B and H-4 holders out of the United States today to return as soon as possible. H-4 visas are for H-1B holders.

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India Technology Services Industry It is also expected to feel the effect of policy shift.

“The transmission of skilled talents and exchanges has contributed significantly to the development of technology, innovation, economic growth, competitiveness and the creation of wealth in the United States and India,” the Indian Ministry of Foreign Affairs. He said in a statement. “Politics makers will thus evaluate recent steps while taking into account mutual advantages, which include strong relations of people between the two countries.”

Didi Das, a partner at Menlo Ventures, warned in a post on X that this “creates a inhibitor to attract the smartest talent of the world to the United States”

“If the United States stops attracting the best talent, it greatly reduces its ability to innovate and develop the economy,” Das added.

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Fox Business communicated with Amazon and Microsoft to comment, but it did not receive a response immediately. Jpmorgan refused to comment.