The visa fee for skilled workers would jump from $215.
The fee for investor visas, which are common in many European countries, would climb from $10,000-$20,000 a year.
Trump on Friday insisted that the tech industry would not oppose the move.
Lutnick said the change will likely result in far fewer H-1B visas than the 85,000 annual cap allows because “it’s just not economic anymore.”.
Trump also announced he will start selling a “gold card” visa with a path to U.S. citizenship for $1 million after vetting.
Trump announced a $5 million gold card in February to replace an existing investor visa — this is now the platinum card.
First lady Melania Trump, the former Melania Knauss, was granted an H-1B work visa in October 1996 to work as a model. »