Economists warn that Donald Trump's $100,000 H-1B visa fee hike will harm US economic growth. The increase, designed to boost American hiring, disproportionately impacts tech companies reliant on foreign skilled workers, particularly from India. This policy is criticized as "anti-growth" and could lead to a brain drain, impacting productivity and potentially triggering a financial crisis. The new fee, a one-time charge for new applicants, caused immediate uncertainty and prompted concerns across various sectors, including healthcare and education, impacting recruitment. Indian tech companies saw their share prices fall in response.

Prepared by Christopher Adams and reviewed by editorial team.