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Trump slaps ‘visa tax’ on foreigners, but US will pay the price
Talent and innovation will move to other countries and there is no upside for American workers.
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Mr Donald Trump’s “visa tax” will drive talent and innovation to other countries and there is no upside for American workers.
PHOTO: TIERNEY L.CROSS/NYTIMES
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Last week, the American dream was snuffed out for millions of aspirants around the world, mainly from India. Effective from Sept 21, US President Donald Trump announced that there would be a new kind of tariff – not on goods or services, but on foreign skilled workers.
Applicants for H-1B visas – the main route through which global talent gets to work in the US – will be subject to a fee of US$100,000 (S$129.000)
