Article Summary
The 4% inflation bomb: top economist warns Trump’s mass deportations are igniting prices [https://invezz.com/wp-content/uploads/2025/07/image44.png] President Donald Trump is poised to sign a proclamation as soon as Friday that would significantly overhaul the H-1B visa program, according to a Bloomberg report. This would impose a $100,000 application fee in an effort to curb what the administration says is widespread abuse of the system. The White House official familiar with the plan, who spoke on condition of anonymity, said the new fee requirement and restrictions on entry will aim to protect American workers displaced by the program, the report said. DRAMATIC INCREASE IN H-1B VISA PROGRAM FEE The proposed $100,000 fee represents a dramatic increase from the current costs associated with applying for an H-1B visa. Currently, employers pay a $215 lottery registration fee and a $780 petition fee per H-1B application. Details remain unclear as to whether this new charge will replace or be in addition to existing fees. The H-1B program has long been criticised for loopholes that allow staffing and outsourcing firms to submit large numbers of petitions, securing…
Read the Full Article
This is a summary from our news feed. For the complete article with full details, analysis, and additional content, visit the original source.
Read Full Article on Invezz Markets