AI-assisted summary
President Trump announced a new $100,000 nonrefundable application fee for companies seeking H-1B visas for foreign workers.
The H-1B program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring a bachelor's degree or higher.
Most H-1B workers are employed in STEM fields, with the majority coming from India and China.
President Donald Trump is for companies applying for a H-1B visa. Trump said the program had been “deliberately exploited” to replace American workers with lower paid and less-skilled labor.
U.S. Commerce Secretary Howard Lutnick, who has called the H-1B system a "scam," said all of the “big companies are on board.” The White House, which announced the new fees Sept. 19, clarified the next day that existing hold