President Donald Trump’s decision to hike the application fee for companies in the United States hiring overseas workers on H-1B visas is likely to push many foreign skilled workers to seek jobs in other countries instead.

The steep cost rise to $100,000 per application is designed to encourage US companies to favour US workers over foreign skilled workers . But it comes as a blow to big technology companies in particular, as they rely heavily on skilled workers from overseas.

The H-1B visa was introduced in 1990 under President George HW Bush. Today, Indian tech workers constitute the bulk of H-1B visa recipients – last year, they received 71 percent of approved H-1B visas, followed by Chinese nationals in second place with 11.7 percent.

Trump’s move could lead to weaker economic

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