In Short:
– Trump announced a $100,000 fee for H-1B visas and a $1 million residency gold card to boost American hiring.
– Critics argue increased fees may limit smaller firms’ access to foreign talent, impacting U.S. tech innovation.

President Trump announced significant changes to the U.S. immigration system, introducing a new $100,000 fee for H-1B visas and a $1 million “gold card” for residency.

The move aims to increase revenue and promote the hiring of American workers, claiming that many tech companies exploit the current system.The fee increase targets H-1B visa applications, which traditionally have low entry costs.

Trump stated the initiative aims to bring in highly skilled individuals rather than those crossing the borders illegally. A gold card requiring a $1 million payment will expedite visa processing, with a reduced availability compared to existing green card categories.

The new programme could alter the competitive landscape for U.S. tech companies, which historically depend on H-1B visas to access foreign talent.

Critics warn that the increased fees may deter smaller firms from utilising these visas, potentially hindering U.S. progress in tech sectors like artificial intelligence.

Visa Impact

Debate persists within Trump’s administration regarding the new policy’s implications. Supporters argue it protects American jobs, while opponents contend it restricts access to global talent crucial for innovation.

The H-1B visa programme, established in 1990, remains vital for skilled foreign workers seeking residency in the U.S., yet faces growing scrutiny.