In a significant shift in immigration policy, US President Donald Trump is preparing to implement a new $100,000 fee on H-1B visas. The publication provides the following information: this initiative is part of a broader strategy to reform immigration laws and increase fees associated with visa applications.
Proposed Fee to Curb H-1B Visa Use
The proposed fee is intended to curb the use of H-1B visas, which critics argue undermine wages for American workers. By imposing this financial barrier, the Trump administration aims to discourage employers from relying on foreign labor at the expense of domestic job opportunities.
New Bidding Model for H-1B Visas
Additionally, the new policy will replace the existing lottery system for H-1B visas with a bidding model. Under this system, visas will be awarded to employers who are willing to pay the highest fees, potentially prioritizing companies with greater financial resources. This change is expected to reshape the landscape of skilled immigration in the United States.
Currently, BCA Research has made a bold prediction regarding the future of the US dollar, anticipating a notable strengthening that could have far-reaching implications for global markets. For more details on this forecast, check out the full article here.