On September 19, President Trump announced a $100,000 fee on all new H-1B visa petitions. India is the country most affected, having received 71% of all H-1B visas last year. The primary firms affected by the fee are IT firms – both Indian and American companies.

Both Indian and American tech firms were negatively affected by the announcement of the fee. Two of the largest Indian tech firms that use H-1B visas are TCS and Infosys . In the one week following the fee announcement, TCS stock fell by 8.9% and Infosys stock fell by 6.1%.

An uneven impact on Dalal Street and Wall Street

Two of the largest US tech firms that use H-1B visas are Amazon and Microsoft. Amazon’s stock price fell by 4.9%, while Microsoft’s stock price fell by 1.4%, following the fee announcement. Why are US tech

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