The White House proposed a $100,000 annual fee for each H‑1B visa, prompting multinationals to advise affected staff to avoid travel as details shake out. U.S. tech traded steady overseas, but Indian IT majors like Tech Mahindra, Tata Consultancy Services, and Infosys fell on the news, per Yahoo Finance.
Why it matters: higher talent costs could slow staffing for AI, cloud, and enterprise projects that rely on onshore visas and offshore delivery. U.S. firms may see tighter labor supply and upward wage pressure, while Indian outsourcers face margin risk and potential delays in U.S. project execution.
The move follows additional trade frictions—tariffs on some Indian imports were doubled to 50% last month—which could further strain cross‑border IT delivery models. Watch management commentary this earnings season for headcount plans, pricing power, and client pushback on rate cards.
