President Trump signed a proclamation dramatically increasing visa fees for highly skilled foreign workers to $100,000 annually and introducing a $1 million "gold card" visa for wealthy individuals seeking U.S. citizenship. The move, facing potential legal challenges, would drastically alter the H-1B visa program, impacting tech companies heavily reliant on these visas. While the administration claims support from major corporations, several tech giants have yet to comment. Critics argue this is a thinly veiled attempt to restrict immigration, bypassing Congress.

Prepared by Lauren Mitchell and reviewed by editorial team.