President Trump announced plans to impose a $100,000 fee on new H-1B visa applications — a sharp increase from the current cost of a few thousand dollars. The proposal, aimed at encouraging companies to hire more American workers, could significantly impact tech firms that rely on skilled foreign talent. Supporters say it will reduce dependence on overseas labor, while critics warn it could stifle innovation and make it harder for companies to attract specialized workers. Chapters: 0:00 Introduction 1:22 Changes to H-1B visa program 4:52 Impact on Big Tech and talent 7:16 What’s next? Produced by: Jeff Huang Edited by: Andrea Miller Graphics by: Jason Reginato Managing Producer: Anuz Thapa Senior Director of Video: Lindsey Jacobson Additional Footage: Getty Images, Reuters » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to be your own boss? Sign up for Smarter by CNBC Make It's new online course, How To Start A Business: For First-Time Founders. Find step-by-step guidance for launching your first business, from testing your idea to growing your revenue. Sign up today: https://cnb.cx/4gEgnhO Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How Trump’s $100K H-1B Visa Fee Will Reshape Big Tech
From CNBC
