Trump to announce $100K fee for H-1B specialty visas

President Donald Trump on Friday announced a new $100,000 annual fee for H-1B visa applications, the latest move designed to curb legal immigration.

The presidential proclamation, signed on Friday, looks to overhaul the program for specialized foreign workers to come to the U.S. The White House argued the program has long been exploited by employers, resulting in the displacement of U.S. workers.

The president also directed the Labor secretary to undergo a rulemaking process to adjust the prevailing-wage levels in the program, an action intended to limit the use of visas that ultimately undercut wages that would otherwise be paid to American workers, according to a White House official granted anonymity to discuss the action...