President Donald Trump on Friday announced an annual $100,000 fee on successful applicants for a high-skilled worker visa program that is widely used in Silicon Valley, constraining a key path to legal immigration.

The president also signed an executive order that would allow wealthy foreigners to pay $1 million for a ‘Gold Card’ for U.S. residency and companies to pay $2 million for a ‘Corporate Gold Card’ that would permit them to sponsor one or more employees.

“The main thing is we’re going to have great people coming in and they’re going to be paying,” Trump said. “We’re going to take that money and we’re going to be reducing taxes and we’re going to be reducing debt.”

Both moves likely will face legal challenges. If upheld, however, they would dramatically tighten legal immigration

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