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President Donald Trump signed a proclamation Friday that would move to extensively overhaul the H-1B visa program, requiring a $100,000 fee for applications in a bid to curb overuse.
The president intends to limit use of H-1B visas, which allow skilled laborers from other countries to work in the US.
H-1B visas are meant for high-skilled jobs that tech companies find difficult to fill. If the moves survive legal muster, they will deliver staggering price increases.
President Donald Trump has renewed his threat of implementing tariffs on films produced outside the United States.
The Trump administration is targeting a visa widely used by tech companies and other employers to hire foreign workers.