Once Trump tried to steal Greenland, it became apparent that the downsides of the dollar far outweigh its upsides. Last month, Christine Lagarde (president of the European Central Bank) made a public announcement on a radio show that Europe "urgently" needed to build its own payment system to avoid the American payment duopoly, Visa/Mastercard
2025 letters
Trump says H-1B visas will now cost $100,000 per-year by Terrence O'Brien
The fee will only apply to new applicants and it’s likely to face legal challenges, but even just the specter of this change appears to have some companies scrambling. There are reports that Microsoft issued an internal memo advising any workers currently abroad that operate on a visa to return to the US before the new fees kick in at midnight tonight. And tech companies have already been warning those working on visas not to leave the US for fear that they might not be able to return.
Why not just scrap the program?
Also, The United States is Starved for Talent, Re-Upped - Marginal REVOLUTION
Overall, getting (approximately) one extra high-skilled worker causes a 23% increase in the probability of a successful IPO within five years (a 1.5 percentage point increase in the baseline probability of 6.6%). That’s a huge effect.