Breaking News: Trump's H-1B Visa Hike Sparks Chaos
On Friday, US President Donald Trump announced a drastic hike in the cost of skilled worker permits under the H-1B programme, sending shockwaves through the tech industry. The new fee, set at $100,000, is up to 50 times higher than the previous rate.
Timeline and Details
The announcement was made on Friday morning, catching many off guard. By Saturday, the White House clarified that the increased fee applies only to new applicants and is a one-time charge. However, the clarification did little to ease concerns among H-1B visa holders, who scrambled for flights back to the US.
Immediate Impact
The sudden change sparked panic among tech companies in Silicon Valley, which rely heavily on H-1B workers. Many firms urged their employees not to travel outside the country, while immigration lawyers worked overtime to understand the implications of the new policy.
Background Context
The H-1B programme has been a cornerstone of US immigration policy for over three decades, allowing skilled foreign workers to fill labor gaps in industries such as tech and healthcare. The programme has been criticized for favoring corporate interests over American workers, but it has also been credited with driving innovation and economic growth.
What Happens Next
While the White House's clarification on Saturday provided some relief, the long-term implications of Trump's H-1B visa hike remain uncertain. Industry experts warn that the increased fee could lead to a brain drain in India, where many H-1B workers originate. The US tech industry may also suffer as companies struggle to attract and retain top talent.
As the situation continues to unfold, one thing is clear: the future of the H-1B programme hangs in the balance. With millions of Indians and Americans relying on it for economic opportunities, the stakes are high.
*This story is developing. Information compiled from Bbc reporting.*
