Trump increased the fee for a work visa to the United States to $100,000. What the media is writing

US President Donald Trump has imposed a fee of $100,000 for reviewing an application for an H-1B work visa, which is used by highly qualified specialists. The measure will apply to new employees moving to America. The biggest impact of this decision will be on the Indian economy, which accounted for more than 70% of visa issuance. What the world media write about the consequences of the new collection is in the Izvestia digest.

CNN: Trump introduces a $100,000 fee for H-1B visas

Trump signed an executive order imposing a $100,000 fee for processing H-1B visa applications in an attempt to curb, according to his administration, the excessive use of the program. The H-1B visa is a work visa that is valid for three years and can be extended for another three years. The field of high technology is most often associated with it. Technology companies large and small claim that they need the H-1B program to hire qualified professionals they cannot find at home.

The United States issues 65,000 H-1B visas annually, and another 20,000 are reserved only for people with academic degrees from higher education institutions in the United States. The demand for these visas often exceeds the supply, which leads to a lottery. During his 2016 election campaign, Trump accused American companies of using H-1B visas "for the express purpose of replacing American workers for lower wages."

NBC News: Trump's new visa fee causes panic and confusion

Trump's unexpected decree on the introduction of a new fee of $ 100,000 for work visas provoked panic among foreign employees. By the time the White House clarified that current holders of H-1B visas for skilled workers would not be affected, chaos had already set in: concerned countries expressed concern, and their citizens abandoned vacations, business trips, and plans to see their families, rushing back to the States before the new rules took effect. September 21st.

Technology companies and banks have sent urgent notices to their employees advising them not to leave the country. The flight from San Francisco to Dubai was delayed as some passengers refused to fly on it. Amazon, Meta (recognized as extremist and banned in Russia), Google, Apple, and Walmart are among the largest visa users under the program, which President George H.W. Bush signed into law in 1990. The application fee used to range from $2,000 to $5,000.

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Reuters: tougher visa issuance regime changes the development strategy of the Indian IT industry

India's $283 billion information technology sector will have to rethink its multi-year strategy of attracting qualified professionals to participate in projects in the United States following Trump's decision to impose high fees on new H-1B visas. The sector, which generates about 57% of its total revenue from the U.S. market, has long benefited from U.S. work visa programs and outsourcing of software and business services - a controversial issue for many Americans who have lost their jobs due to cheaper labor in India.

Most industry analysts expect that Trump's actions will lead to a limited number of customers, which will negatively affect the conversion of IT transactions and increase the time needed to scale technology projects. A new challenge for the Indian IT sector arises from the expectation of clarity on the proposed 25% tax on outsourcing payments and the struggle with weak revenue growth in its core market in the United States, as customers postpone non-essential technology costs amid inflationary pressures and tariff uncertainty.

Bloomberg: Trump's $100,000 visa is aimed at Indian business

Trump's decision to restrict H-1B visas threatens to rewrite the rules for one of India's biggest business success stories, a decade-old model that has grown into a $280 industry and underpins many of the technologies of the world's largest corporations. Indian outsourcers will have to rethink their strategy, which uses this program to deploy tens of thousands of engineers to American customers.

Changes in visa policy have increased tensions between India and the United States on the eve of the visit of the Indian delegation to Washington, in which the countries are seeking a breakthrough in trade negotiations. In India, social media exploded with messages that ranged from outraged to panicked and accusatory. Shares of Indian technology companies are falling amid changes in the US visa program.

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Financial Times: Trump's visa fee will take $14 billion from American employers

American employers will have to spend $14 billion annually on hiring qualified foreign workers after Trump imposed a fee of $ 100,000 for applying for a visa to enter the country for new employees. The White House said the move was intended to encourage companies to hire American workers. Trump's executive order stated that some exceptions would be made at the discretion of the administration, but it was not clear how widely they would be applied.

Prominent members of Trump's political coalition have previously expressed support for the H-1B program, including its largest sponsor, Elon Musk. But others, like former White House strategist Steve Bannon, have called for the program to be canceled in order to protect American workers. Employers are considering switching to alternative types of visas, including the L-1 category, designed for managers and employees with "specialized knowledge." However, the requirements of this program are more stringent: employees must work abroad for at least one year.