Breaking News: Trump's $100,000 H-1B Visa Fee Derails U.S. Dreams for Many in India
In a sudden and unexpected move, the United States has introduced a $100,000 fee for H-1B visas, leaving many Indian students and tech professionals reeling. This drastic change was announced by US Commerce Secretary Howard Lutnick on Friday, sparking widespread concern among the global tech community.
Timeline of Events:
Friday: US Commerce Secretary Howard Lutnick announces a new $100,000 fee for H-1B visas.
White House clarifies that the fee is a one-off payment, not an annual charge.
Indian students and tech professionals express shock and disappointment at the sudden change.
Immediate Impact and Response:
The introduction of this hefty fee has sent shockwaves through the global tech industry. Many US companies are scrambling to understand the implications of this new policy, while Indian students like Sudhanva Kashyap, who had hoped to study in the US, are left wondering if their dreams will be derailed.
Background Context:
H-1B visas are a prized program for skilled workers and international students seeking to work or study in the US. The visas allow companies to hire foreign workers with specialized skills, while also providing a pathway for international students to gain work experience in the US.
What Happens Next:
As the tech industry grapples with this sudden change, many are left wondering what the future holds. Will this new policy drive up costs for US companies and deter them from hiring foreign workers? Or will it lead to a more streamlined process for skilled workers seeking to enter the US? One thing is certain – the introduction of this $100,000 fee has sent shockwaves through the global tech community, leaving many to wonder what's next.
Expert Analysis:
"This sudden change in policy sends a clear message that the US is no longer open for business when it comes to skilled immigration," says Dr. Rohan Maheshwari, an expert on international migration and labor markets. "The impact will be felt far beyond the tech industry, with many students and professionals left wondering if their dreams of working or studying in the US are still within reach."
Stay tuned for further updates as this story continues to unfold.
*This story is developing. Information compiled from Fortune reporting.*