In a surprise announcement on Friday, President Trump issued a proclamation, sparking panic among many visa holders, leading the White House to issue a clarification. Only new applicants will cost their companies $100K a pop.

When President Trump signed the "Restriction on entry of certain nonimmigrant workers" proclamation on Friday, several companies issued alerts to H-1B staff telling them not to leave the US and to return if they were overseas, while there were reports of passengers rushing to get off flights leaving the country.

In a video on Friday, Commerce Secretary Howard Lutnick said of the visas, "They're $100,000 per year. So the whole idea is no more will these big tech companies, or other big companies, train foreign workers. They have to pay the government $100,000 then th

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