On this episode of Trumponomics, host Stephanie Flanders explores US President Donald Trump’s decision to impose a $100,000 fee on new H-1B visa applications, which industries will lose the most from this new expense for foreign workers and a potential long-term silver lining for India, the source of most of them. 

Bloomberg Economics analyst Michael Deng explains the cost pressures facing smaller US firms, while New Delhi–based analyst Chetna Kumar outlines the challenges for Indian IT giants, and why the policy might also push India to expand its domestic R&D and service hubs.