Trump's executive order directs federal agencies to crack down on fraud and abuse of the program and generate more reports on it, Repko says.
"We see Mr. Trump's "Hire American" initiative likely driving up the cost to make steel in the USA, a likely headwind for domestic mills", Johnson said Tuesday in a note to investors.
I-T professional Mangesh Joshi feels the "buy American, hire American" order will adversely affect Indian job-seekers.
The order was vague on many fronts, and did not change existing rules, but one objective is to modify or replace the current lottery for H-1B visas with a merit-based system that would restrict the visas to highly skilled workers. "This will stop", Trump told an enthusiastic audience in Wisconsin before signing the executive order.
There have been several bills introduced in recent months to reform the H-1B visa system, including a bipartisan bill from Senators Chuck Grassley and Dick Durbin who have been pushing to revamp the program for years. The H-1B visa program is widely used by technology companies but critics contend it's being abused at the expense of American labor.
According to the executive order signed by Trump, the Secretary of State, the Attorney General, the Secretary of Labour, and the Secretary of Homeland Security shall suggest reforms to help ensure that H-1B visas are awarded to the most-skilled or highest-paid petition beneficiaries.
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According to Loganathan, Telangana and Andhra Pradesh account for 40-45% of the total number of 60,000 H-1B temporary visas from India every year. "Under such circumstances, the U.S. will block visa applications seeking low wages", said Joshi.
According to Kishore Kumar Kovuru, a software engineer who returned to India after working in the U.S. for a decade, Indians who were getting extension of H-1B visa every two years might find it hard now.
Trump's promise of returning manufacturing jobs to the USA resonated with voters such as Chris Manoyan, 54, who joined the crowd of about 100 Trump supporters gathered across the street from Snap-on while Trump was inside. And while we are on the subject, something needs to be said about the J-1 visa program so often used by foreign students for summer jobs. "Many of the changes to the H-1B program contemplated by the administration would require legislative action or rulemaking and would take time to go through the necessary processes".
What's more, the executive orders will also require federal agencies to review and minimise the use of waivers and exceptions in global trade agreements.
There's an annual quota of 85,000 new H-1B visas (with 20,000 reserved for master's degree holders).