Trump's $100K H-1B Visa Fee Sparks Industry Concerns
TL;DR Summary
Donald Trump's new $100,000 fee for H-1B visas threatens to disrupt Indian IT firms' US projects, impacting their margins and straining US-India relations amid broader immigration and trade tensions. The policy increase aims to curb abuses but risks backfiring by raising costs for US companies and encouraging them to expand their offshore operations in India. Major Indian tech firms are likely to challenge the move in court, as it affects their ability to deploy engineers in the US.
Topics:nation#business#h-1b-visa#immigration-fees#india-it-firms#trump-visa-policy#us-india-relations
- Trump’s $100,000 Visa Threatens Business Model of India IT Firms Bloomberg.com
- Trump’s $100,000 H1-B Visa Fee Spurs Confusion and Chaos for Companies The New York Times
- Markets Open Lower As Infosys, TCS Share Prices Slump After H-1B Visa Fee Hike NDTV
- H-1B: Man spent $8,000 on flights to get back to the US after visa fears BBC
- Trump imposes $100K fee on H-1B visas in new immigration action CNN
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