Trump's H-1B Visa Plan Stuns Big Tech, White House Says $100,000 Fee Is One-Time Only

Benzinga

Trump’s proposal of a $100,000 H-1B visa fee confused major U.S. companies, prompting clarification from the White House on Saturday, according to Benzinga. Press Secretary Karoline Leavitt said the fee is a one-time charge applied only when filing new petitions, not an annual fee or renewal charge. Major firms, including Microsoft, Alphabet, and Amazon, told their H-1B employees to return to the U.S. and cancel travel after the visa fee news, Fortune reported. JPMorgan and Goldman Sachs issued similar warnings. The policy arrives amid discrimination allegations against tech firms for favoring H-1B applicants through targeted job ads. Analyst Jeremy Goldman warned the U.S. risks losing its innovation edge by pursuing short-sighted protectionist policies.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:03Trump's proposal of a $100,000 H-1B visa fee confused major U.S. companies,

00:09prompting clarification from the White House on Saturday, according to Benzinga.

00:13Press Secretary Caroline Leavitt said the fee is a one-time charge applied only when filing

00:18new petitions, not an annual fee or renewal charge. Major firms including Microsoft,

00:24Alphabet, and Amazon told their H-1B employees to return to the U.S. and cancel travel after

00:29the visa fee news, Fortune reported. J.P. Morgan and Goldman Sachs issued similar warnings.

00:35The policy arrives amid discrimination allegations against tech firms for favoring H-1B applicants

00:40through targeted job ads. Analyst Jeremy Goldman warned the U.S. risks losing its innovation edge

00:46by pursuing short-sighted protectionist policies. For all things money, visit Benzinga.com.

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