Tariffs on talent? Trumps's visa fees threaten tech's most prized employees
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Tariffs on talent? Trumps's visa fees threaten tech's most prized employees
"Donald Trump signed a proclamation on Friday that would impose an annual $100,000 fee on H-1B visa applications, dealing a potentially major blow to the US tech industry, which relies more than any other sector of the US economy on immigrants who hold these visas. Trump's threat to crack down on H-1B visas has become a major flashpoint with the tech industry."
"After the initial report, Amazon, Microsoft and Google urged employees abroad to return to the US immediately and keep any dependents from traveling abroad. The consequences of the fee, which took effect at 12am on 21 September, were unclear, and their human resources departments were worried. The White House later clarified that the fee would only apply to new applicants, rather than burdening current visa holders with a yearly six-figure fee, and would not require $100,000 for reentry."
Donald Trump signed a proclamation creating an annual $100,000 fee on new H-1B visa applications, a measure that could significantly affect the US tech sector. US tech companies donated tens of millions to Trump's campaign, rising to hundreds of millions including contributions from Elon Musk. Roughly two-thirds of H-1B jobs are computer-related, and employers also use the visa for engineers, educators and healthcare workers. Amazon, Microsoft and Google urged employees abroad to return immediately and to keep dependents from traveling abroad. The fee took effect on 21 September; the White House later said it applies only to new applicants and not to current visa holders or reentry.
Read at www.theguardian.com
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