A coalition of business groups warns President Trump that a new $100,000 fee for H-1B visa applications could harm the US economy. Industry organizations fear the fee could restrict access to skilled foreign workers, leaving critical jobs unfilled.

The letter, signed by groups like the Business Software Alliance and SEMI, marks a rare rebuke of Trump’s H-1B changes. The administration argues the fee will deter visa abuse and benefit US companies. However, major corporations like Microsoft and Amazon rely on the program for talent.

Industries like AI and biomedical engineering depend on skilled workers for growth. The new H-1B policy risks hindering progress in these crucial sectors. Walmart, Microsoft, and other major companies are urging employees with visas not to leave the US.

The business groups emphasize readiness to work with the administration on H-1B reforms. Walmart, Target, and Macy’s, part of the NRF, are major users of the visa program. The letter was also shared with key government officials, signaling industry’s willingness to collaborate on changes.

Trump’s H-1B changes face a legal challenge, with a nurse-staffing agency and unions suing to block the fee. Hospitals rely on the program to recruit doctors in underserved areas. The administration has exempted doctors from the fee, recognizing their importance in addressing healthcare worker shortages.

Read more at Yahoo Finance: Trump’s $100,000 H-1B Fee Draws Rare Rebuke From US Business