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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

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

Donald Trump United States Berenberg India Amazon Microsoft
Street sign of Wall Street with American flags behind.
Berenberg recently lowered its estimate for US economic growth from 2% at the start of the year to 1.5%. Photograph: Bruce Yuanyue Bi/Getty Images

Donald Trump’s decision to impose a $100,000 (£74,096) fee on H1-B visas for skilled foreign workers could hurt US economic growth, economists have warned.

Trump signed a proclamation on Friday introducing the application fee for the H-1B visa, 60 times the current cost, in a move designed to encourage companies to hire more American workers.

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