President Donald Trump has launched a sweeping overhaul of the U.S. visa system, imposing a $100,000 annual fee on H-1B applications — a move that could reshape how California’s tech giants hire foreign talent. The fee marks a dramatic increase from the current $215 charge and is part of a broader immigration crackdown aimed at curbing reliance on overseas workers.

Alongside the fee hike, Trump unveiled a new “Gold Card” visa, offering permanent residency for a $1 million payment by individuals or $2 million by corporate sponsors. The program is designed to attract what Trump calls “extraordinary workers,” likening the cost to a signing bonus in professional sports

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