Overview

• President Donald Trump last week imposed a one-time $100,000 charge on new H‑1B petitions, prompting unease among major employers.
• The White House clarified the levy applies only to new applications and does not cover renewals or re-entry for current H‑1B holders.
• Dimon said the decision "came out of the blue" and pledged to engage stakeholders and policymakers to protect global talent mobility.
• Microsoft, Amazon, JPMorgan and Meta advised visa holders to remain in or return to the United States before the September 21 cutoff as details were clarified.
• JPMorgan is among the top H‑1B sponsors with about 2,440 approvals in fiscal 2024, and Dimon also called India a natural partner while urging progress toward a trade deal.