Jamie Dimon warns Trump’s sudden $100,000 H-1B fee will disrupt U.S. firms and foreign workers, sparking panic among professionals.
JPMorgan Chase CEO Jamie Dimon has blasted the Trump administration’s sudden move to slap a $100,000 annual fee on H-1B visa applications, calling it a decision that “came out of the blue.”
The controversial fee hike, effective September 21, was unveiled just last week and has already triggered chaos among global firms and panic among Indian and foreign employees who form the backbone of America’s tech, finance, and healthcare industries.
Dimon warned that the shock policy could cripple U.S. competitiveness, making it harder for top companies to recruit the highly skilled talent that drives innovation. Indian nationals, who account for the majority of H-1B visas, are expected to bear the brunt of the impact—many facing uncertain futures in America despite years of service to U.S. corporations.
Critics argue that the massive new fee amounts to a talent tax that could push foreign professionals and U.S. multinationals to seek friendlier markets overseas, potentially weakening America’s edge in technology and finance.
The H-1B program, capped at 85,000 visas annually, has long been a lifeline for Indian engineers, programmers, and analysts. With the new six-figure price tag, many employers fear they will be forced to slash hiring or abandon applications altogether.
As Dimon’s remarks echo across Wall Street and Silicon Valley, pressure is mounting on the administration to clarify whether the policy is designed to raise revenue, reduce immigration, or deliberately reset the landscape for foreign workers in the U.S.
For now, uncertainty reigns—and Indian professionals, along with the companies that rely on them, are left scrambling.
