Train US workers, then overseas workers can go home: Trump's new H-1B visa policy
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New York: US President Donald Trump does not want skilled foreign workers to stay in the United States beyond training Americans for high-skilled jobs, according to a report.
Treasury Secretary Scott Bessent revealed the new H-1B visa policy after president Trump said the US needed foreign talent in certain fields.
Bessent told Fox News that new H-1B visas approach targets ‘knowledge transfer’ to shore up America’s manufacturing after decades of outsourcing.
‘For 20-30 years, we have not offshored precision manufacturing jobs... We can't snap our fingers and say you are going to have ships overnight. We want to bring the semiconductor industry back to the US. There will be big facilities in Arizona,’ he reportedly said.
He explained that the Trump’s vision is to bring in skilled overseas workers for a period of three, five or seven years to train the US workers, adding ‘Then they can go home, and US workers will take over.’
Pointing to the manufacturing situation in the country, he said ‘We haven't built ships or semiconductors here for years. Overseas partners coming in, teaching American workers – that's a home run.’
The move is part of Trump’s broader approach to repatriate critical industries, thus reducing dependency on imports.
He also confirmed Trump administration’s plan for a USD 2,000 tariff rebate for families earning under USD 100,000.
‘The president's talking about a $2,000 rebate... It's part of ensuring families feel the benefits of strong trade policy,’ he reportedly said.