#Forbes Trump’s $100,000 H-1B Visa Fee Hits Indian IT Stocks—Google And Microsoft Also Slip In Premarket
Trump’s $100,000 H-1B Visa Fee Hits Indian IT Stocks—Google And Microsoft Also Slip In Premarket
Shares of major Indian tech services firms plunged sharply on Monday in response to President Trump’s move to impose a new $100,000 fee on H-1B visa applications, which is expected to create operational and cost challenges for the outsourcing companies, which rely on the temporary skilled worker visa to deploy Indian workers to clients in the U.S.
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