Dimon Says Trump’s New H-1B Visa Fee ‘Caught Everyone Off Guard’

JPMorgan Chase & Co.Chief Executive Officer Jamie Dimon said President Donald Trump’s new $100,000 fee on H-1B visas left companies including his struggling to quickly determine the potential impact.

“That caught everyone off guard,” Dimon said in a CNBC-TV18 interview. “And so we had a lot of phone calls over the weekend. What does it mean?”

Jamie Dimon

Photographer: Graeme Sloan/Bloomberg

Late last week, Trump signed a proclamation slapping a $100,000 fee on new H-1B petitions as a condition of entry to the US, sparking confusion and panic among both employers and workers. The lack of clarity around the new rules ...