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US Commerce Secretary Howard Lutnick has signaled that the H-1B visa system will face key reforms before the $100,000 fee applies in 2026. He called the lottery “bizarre,” opposed low-cost hiring, and said visas must go to the most highly-skilled workers. -snip- Lutnick said the H-1B visa lottery system is flawed and needs reform. Referring to conversations with the heads of two leading global tech companies, he said they found the concept of allocating visas for skilled workers through a lottery “bizarre.” He argued that the US must ensure visas go only to the most highly skilled professionals. -snip- The...

New Delhi: United States President Donald Trump hiking H-1B non-immigrant visa fees to a steep USD 100,000 would affect thousands of Indian students with the American dream. It will sharply reduce low and mid-paid H-1B hiring, concentrate approvals on senior and high-value roles, and force employers and employees to shift to alternative pathways, or restructure staffing models. Immediate effects are already visible in travel advisories and market reactions; medium-term effects will reshape sourcing strategies in tech, professional services, and higher education. The hike would mainly affect those aspiring for a middle or entry-level jobs, where the early career median wage...

Donald Trump has imposed a hefty 50% tariff on Indian goods, a move prompted by India's continued purchase of Russian oil. This action endangers over half of India's exports to its biggest market. According to New Delhi, the tariffs that come into effect today (Wednesday, August 27) will impact £35.8billion ($48.2bn) worth of exports. Initially, the US President announced a 25% tariff on Indian goods. However, earlier this month, he signed an executive order for an additional 25% tariff in response to India's purchases of Russian oil. This brings the total tariffs levied by the United States on its ally...

As External Affairs Minister S. Jaishankar prepares for crucial talks with Russian Foreign Minister Sergey Lavrov in Moscow, India finds itself at the centre of a diplomatic storm. President Trump has unleashed his most aggressive economic assault on India in recent memory, wielding tariffs and sanctions as weapons to force New Delhi away from its Russian partnerships. The pressure campaign began in August 2025 with sweeping 25% tariffs on Indian exports, later doubled to 50% specifically targeting Russian oil imports. For a nation whose economic planners depend heavily on US markets, this represents a devastating blow. Nearly 70% of India's...

Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from cheap Russian oil imports during the war in Ukraine, describing the practice as "arbitrage" and condemning it as unacceptable. "They are just profiteering. They are reselling," Bessent told CNBC's "Squawk Box" in an interview. "This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product." "They've made $16 billion in excess profits — some of the richest families in India," Bessent said.

Trump's imposition of additional tariffs is "unfair, unjustified and unreasonable", the Ministry of External Affairs said. Shortly after US President Donald Trump announced an additional 25% tariffs on India on Wednesday, the Indian Ministry of External Affairs issued a statement, noting that the country will "take all all actions necessary to protect its national interests." The additional import levies have been slapped by Trump to "penalise" India for its continued purchase of Russian crude oil. The MEA, in its statement, said India's imports are based on market factors and done with the "overall objective of ensuring the energy security of...

President Trump took executive action Wednesday to hammer India with an additional 25% tariff due to its continued purchases of Russian oil. The move, which will take effect Aug. 27, will increase the total US tariff rate on India to 50% and comes ahead of Trump’s Friday deadline for Russia to make peace with Ukraine or face secondary tariffs or sanctions — penalties on countries that continue purchasing energy from Moscow. “The actions and policies of the Government of the Russian Federation continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United...

United States President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on India in response to its continued purchase of Russian oil. More to come...