President Donald Trump unveiled the $1 million 'gold card' and higher H1-B fees, claiming it will reduce taxes and debt.

Trump’s new $100,000 H-1B visa fee, effective September 21, has sent shockwaves through the IT industry, with Microsoft and JPMorgan urging employees to return as costs and uncertainty soar.

Companies, including Amazon, are advising employees and their families on H-1B and H-4 visas to avoid travelling abroad and remain in the US to prevent complications.