Trump Imposes $100K H-1B Visa Fee Hitting US Tech Startups
Trump Imposes $100K H-1B Visa Fee Hitting US Tech Startups

Trump Imposes $100K H-1B Visa Fee Hitting US Tech Startups

News summary

President Donald Trump's introduction of a $100,000 fee on new H-1B visa applications has sparked widespread concern across the U.S. tech industry, particularly among startups and venture capitalists who fear it will hinder their ability to recruit top foreign talent. The fee applies only to new applicants, is a one-time charge, and does not affect renewals, but many startups say even this cost is prohibitive given their limited budgets. Major tech figures have expressed contrasting views; for example, Netflix co-founder Reed Hastings supports the fee as a way to ensure H-1B visas are reserved for high-value jobs, while startups like Workstream and Delve worry about the financial strain and recruitment challenges the policy creates. The policy has also triggered broader backlash from tech executives and entrepreneurs who argue it threatens America's innovative edge by discouraging skilled immigrants who contribute significantly to the economy and culture. The initial announcement caused confusion and anxiety among visa applicants, with some travelers even reconsidering travel plans due to uncertainty at airports. Critics warn the fee could exacerbate labor market weaknesses and lead to a brain drain, undermining the country's long-term competitiveness in technology and innovation.

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