To curb the displacement of great American workers™ by foreign imports in the US labor market, President Donald J. Trump just announced his decision to impose an $100,000
annual fee on H-1B visas.
Not to say that Big Daddy Trump is
necessarily targeting workers or immigrants from any specific country or region, but according to
, 71% of all H-1B visas are held by Indians as of fiscal year 2024.
Unsurprisingly, share prices of two major Indian IT outsourcing companies immediately fell in response to this news: