The Trump administration plans to impose an annual fee of $100,000 on H-1B visas, causing a blow to the technology industry. Microsoft, J.P. Morgan, and Amazon have already responded to this announcement.

The Trump administration announced on Friday that it will require companies to pay a $10,000 annual fee for H-1B work visas. This measure has prompted some large technology companies to advise visa holders to stay in the United States or return as soon as possible. This change could have a significant impact on the technology industry, which heavily relies on technical talent from countries like India. Since taking office in January, Trump has initiated a broad crackdown on immigration, including measures to restrict certain forms of legal immigration. The move to reform the H-1B visa program is the most prominent action his government has taken to adjust the temporary work visa system so far. US Commerce Secretary Howard Lutnick said, "If we want to train talent, we should train recent graduates from our country's top universities. We should be training Americans, not bringing in outsiders to take our jobs." The Trump administration's threat to crack down on the H-1B visa system has become the main point of contention between it and the tech industry - which donated millions of dollars to his presidential campaign. Internal emails reviewed by the media show that Microsoft, JPMorgan Chase, and Amazon have responded to the announcement by advising employees with H-1B visas to stay in the United States. These companies suggest that H-1B visa holders currently outside the US should return by midnight on Saturday, when the new fee system will take effect. Ogletree Deakins, the law firm handling visa applications for JPMorgan Chase, wrote in an email to the employees of the US investment bank, "H-1B visa holders currently in the US should stay in the country and avoid international travel until the government releases clear travel guidance."