President Trump has signed a proclamation imposing a $100,000 application fee for H-1B visas, a move that could significantly impact the technology sector which relies heavily on these high-skill work visas. This change is likely to create barriers for companies seeking to hire skilled foreign workers, potentially stifling innovation and growth in the industry.

Donald Trump has announced a significant increase in application fees for skilled foreign worker visas, proposing a hefty $100,000 fee. This move raises concerns about the impact on the labor market and the ability of companies to attract top talent from abroad. Many argue that such a high fee could deter skilled workers from coming to the U.S., potentially stifling innovation and economic growth.