Corporate leaders are mobilising against President Donald Trump's surprise $100,000 fee on new H-1B visa petitions, with JPMorgan Chase CEO Jamie Dimon warning the policy could cripple American companies' ability to compete for global talent.
The proclamation, signed on Friday, 19 September in the Oval Office, sent shockwaves through Silicon Valley and Wall Street. Tech giants, including Amazon, Microsoft and Meta, scrambled to advise employees abroad to return immediately, whilst financial institutions assessed potential costs running into hundreds of millions.
