White House tries easing panic over high-skill H1-B visa crackdown, says new $100 K fee won’t apply to existing visa holders

The White House is attempting to clarify concerns regarding President Trump's new $100,000 fee for H-1B visas, stating that it will not affect current visa holders. This announcement aims to alleviate the anxiety among major tech and finance firms that have been trying to navigate the implications of this policy change. Understanding these details is crucial for companies that rely on skilled foreign workers, as it impacts their hiring strategies and operational costs.