(Reuters) -The Trump administration’s proposed $100,000 fee for new H-1B visas widely used by tech firms to hire foreign talent could deal a blow to the sector that relies heavily on skilled workers from India and China.

The announcement prompted some big tech companies and banks to warn employees to stay in the U.S. or quickly return. India was by far the largest beneficiary of H-1B visas last year, accounting for 71% of approved beneficiaries.

Here are some analysts’ views on the implications of the policy:

COLIN SEBASTIAN, ANALYST AT BAIRD “While the new tax instituted by the White House will cost larger companies such as Amazon, Google and Meta hundreds of millions, or even billions of dollars, the more likely unintended consequences of the new policy could be to starve emerging and

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