Experts warn: New H-1B regulations will have a "devastating impact" on American startups.

The Trump administration announced last Friday that it would impose a new rule fee of $100,000 on H-1B work visas, immediately causing widespread panic. Experts point out that the new rule may make it difficult for startups to attract top international talent, and may even lead to talent flowing to other countries. "In short, this will have a devastating impact on American businesses, competitiveness, and innovation," warned Exequiel Hernandez, associate professor at the Wharton School of the University of Pennsylvania. According to data from an immigration law group, the previous cost of a single application for an H-1B visa was about $2,000 to $5,000. The $100,000 new rule fee is a fatal blow to cash-strapped startups. Even tech giants will need to reevaluate their talent strategies, but Hernandez points out, "Big companies like Microsoft can mitigate the impact through overseas recruitment or acquisitions." Garry Tan, CEO of renowned startup incubator Y Combinator, criticized the new rule as "killing startups," and described it as a "gift" to overseas tech centers.