Trump’s $100,000 H-1B visa fee could hurt US growth, economists warn | US economy

Economists, Donald Trump’s qualified foreign workers H1-B visas $ 100,000 (£ 74,096), the decision of the US economic growth, he said.

On Friday, Trump signed a statement introducing the application fee for the H-1B visa, which is 60 times the current cost, with a movement designed to encourage companies to hire more American workers.

The increase represents a coup based on such visas to hire engineers, scientists and coders from major technology companies, especially from India, especially from India.

Investment Bank Berenberg’s economist Atakan Bakisan said that the movement is an example of the Trump administration for “anti -growth policy -making”.

“Brain evacuation will be largely heavy in terms of productivity by making companies’ attract foreign capabilities very expensive and forcing some international students to leave the country after graduation.”

“It is unlikely that investments in artificial intelligence will balance the damage caused by the loss of human capital under restrictive migration policies.”

Berenberg recently reduced its forecast for economic growth from 2% to 1.5% at the beginning of the year. However, a 1.5% estimation of Trump, as long as Trump does not happen, warned, “He may soon look optimistic.”

“When taken together, confidence in institutions, loss of human capital, tariffs, chronic uncertainty and unsustainable fiscal policies can increase the risk of a financial crisis in the US. They can set a path for a weaker dollar and higher long -term returns in the long term.”

A DEUTSCHE Bank Market Strategist Jim Reid, the new application fee “causes a large amount of uncertainty for those who trust during the weekend,” he said.

Trump’s announcement on Friday, triggered chaos in the technology industry, and some businesses in the Silicon Valley urged personnel not to go out of the country. The White House encouraged to clarify that the new high wage was applied only to new applicants and would be a one -time payment on Saturday.

Broker XTB Research Director Kathleen Brooks said that Amazon has the highest number of workers in H-1B visas and Microsoft said that he closely follows Facebook owner Meta and Google.

“Although these companies have money to meet visas, other sectors that rely on H-1B visas can fight future recruitment, such as health and education sectors,” he said.

In the first half of 2025, Amazon’s 10,000 H-1B visa was approved, while Microsoft and meta platforms received more than 5,000 approval.

The H-1B program offers 65,000 visas per year to employers who bring temporary foreign workers in private areas and with 20,000 visa for workers with advanced degrees.

India became the greatest beneficiary of H-1B visas, which constitute 71% of approved visas last year. The Indian government returned to a new fee for qualified workers and said that there would be “human consequences iyle through“ deterioration for families ”.

On Sunday, Indian Trade Minister Piyush Goyal said: “They are also a little afraid of our talents. We have no objection to this.”

On Monday, the stock prices of billions of dollars of Indian technology groups fell approximately 3% in response to the news InfoS and TATA Consultancy services. Both companies use H1-B program to distribute thousands of Indian workers to US customers.