Tech CEOs React to Trump’s $100K H-1B Visa Fee Proposal

President Donald Trump's administration has proposed a $100,000 application fee for new H-1B visas, a significant increase from the current $215 fee. The move has drawn mixed reactions from tech executives, with Nvidia CEO Jensen Huang advocating for open immigration policies, calling it "the foundation of the American Dream."

The H-1B visa program is designed to attract skilled workers in fields where domestic talent is scarce. Critics argue the fee hike could stifle innovation by making it harder for companies to recruit global talent. The WHITE House clarified that the new fee would only apply to new applicants, not renewals or current visa holders.

Industry leaders like Jamie Dimon and Huang are weighing in on the potential impact. The debate highlights the tension between protecting domestic jobs and maintaining the U.S.'s competitive edge in technology and finance.