There’s been lots of discussion about which tech companies will be the biggest losers from President Donald Trump’s broad assault on H-1B visas for highly skilled foreign workers, including a $100,000 fee for each new visa recipient. But the impact could be felt first by universities, says Jeremy Neufeld, the director of immigration policy at the Institute for Progress, a nonpartisan Washington think tank. That's because the fee won’t apply to companies until next March, when the annual lottery for the roughly 85,000 new commercial H-1B visas awarded each year, takes place. Meanwhile, universities and certain other research and not-for-profit...