Trump's Visa Fee Hike Sparks Tech Talent Exodus—Hong Kong's Moment to Shine


Elon Musk saw this coming. Right before Trump took office again, he clashed hard with the "MAGA crowd" over whether to tighten H-1B visas for tech workers, openly saying America desperately needs these experts. Musk feared Trump would overdo it and slam the door shut, so he sounded the alarm early.

Sadly, that warning proved true. Just last Sunday, the U.S. government announced a staggering jump in H-1B visa fees—from a baseline of $1,700 to a whopping $100,000 (about HK$780,000). It’s essentially a stealth ban designed to scare off foreign tech talent. While this only applies to new visas, foreign tech workers already in the U.S. are rattled, worried Trump's crackdown could sweep them away at any time.

A scholar friend of mine who’s lived in the States for years told me this shutdown could actually benefit Mainland China and Hong Kong by absorbing tech talent—and that Chief Executive John Lee should strike while the iron’s hot.

Why the U.S. Needs Foreign Tech Talent

Musk was dead set against limiting H-1B visas because the U.S. just doesn’t have enough homegrown tech talent. Big tech firms lean heavily on these "foreign reinforcements" — it’s vital to their business and growth. His Indian-American partner, Vivek Ramaswamy, pointed out that America has long celebrated mediocrity over excellence, which is why the country now depends so much on foreign tech workers. A heavy clampdown on these visas would be “mutually assured destruction” with serious fallout.

The loud, aggressive "MAGA camp", however, pummeled Musk and others’ views and pushed Trump toward this harsh decision. The end result? The government slammed the H-1B visa fees through, effectively shutting the door on foreign tech talent.

Trump’s visa hike scares off tech talent, stalling U.S. innovation.

Panic and Chaos Hit Tech Firms

The administration’s vague, last-minute change—announced early Monday—threw U.S. tech companies into turmoil. Firms pleaded with foreign staff to stay put, and those abroad raced home before the cutoff. Some even abandoned flights in mid-air, creating a “Dunkirk”–style exodus.

Such chaos left U.S. authorities scrambling to clarify that the fee hike only applies to new visas, doesn’t affect current visa holders, and is a one-time fee, not annual, hoping to ease the panic. But for many tech workers already in the U.S., trust has been shaken—they’re unsure when or if more changes could come and are already making backup plans.

Innovation Takes a Hit

Even if current workers are safe, this huge fee hike will definitely scare off foreign talents thinking of coming to the U.S., hitting tech firms hard.

A venture capitalist partner said this will weaken America’s ability to attract world-class talent, limiting innovation and economic growth. Industry insiders warn some companies might outsource jobs abroad, further diminishing the U.S.’s status as a global tech leader.

This new U.S. policy doesn’t just hit tech workers—it also shakes the confidence of Mainland and Hong Kong students thinking about studying in America. A recent Canadian education survey showed the U.S. has fallen to third place as the most attractive study destination for foreign students, behind the UK first and Canada second. When it comes to openness, safety, and welcoming attitudes, the U.S. dropped to sixth place, dead last in the ranking.

Clearly America’s appeal to international students is fading fast. The new visa fees only add to doubts about future job prospects, meaning fewer students will pick the U.S. anymore.

John Lee’s chance: Hong Kong’s moment to snatch top talent.

Hong Kong Stands to Gain

Trump seems unfazed by these downsides and looks set to keep pushing ahead recklessly. My scholar friend argues this is a huge win for Mainland China and Hong Kong, which are hungry for tech talent. Some who can’t stomach going to the U.S. anymore might head there instead, and unsettled tech workers already in the States could decide to come home. Chief Executive John Lee announced in his policy address a series of measures to attract foreign talent, and my friend thinks this is the perfect moment for Hong Kong to compete—and win.

Like I said before, Hong Kong’s entering a golden era and keeps getting better. With America shooting itself in the foot, now’s the perfect time for Hong Kong to steal the spotlight and attract top talent.

Lai Ting-yiu

What Say You?

** The blog article is the sole responsibility of the author and does not represent the position of our company. **

Grief remains raw a week after the "once‑in‑a‑century" Wang Fuk Court inferno. But while locals pray, overseas agitators plot. They are cynically hijacking the tragedy to rebrand their stalled anti-embassy campaign as a "mourning event."

Think of it as a "triplet" strategy: by bundling the vigil with BNO residency demands, these agitators aim to pump up turnout and force London’s hand. It is a desperate bid to build clout that risks channeling discontent right back to Hong Kong—and authorities need to be watching.

Calculated Pivot: UK agitators hijack the fire tragedy to pump life into their flagging anti-embassy march.

Opportunists Hijack Tragedy for Politics

Make no mistake: the overseas "yellow camp" is going all-out. Major player Hong Kong Watch has issued marching orders to so-called "Hong Kong Community Centres" in Los Angeles, Toronto, and Berlin. Don't let the neutral "community center" branding fool you. These are operational bases for hardline opposition supporters.

Saturday's Toronto event exposes the political underbelly. Alongside the usual protest regulars, you have heavy hitters like Hong Kong Watch Canada chair Aileen Calverley. The theme—"pursuing accountability"—screams politics, not prayer. Expect to see former entertainer Joseph Tay, who fled to Canada in 2020 and now sits on a National Security wanted list.

But the main event is in Britain. The group "Hongkongers in Britain" is staging a massive "memorial" in London, expecting hundreds. The ringleader is Simon Cheng, a former employee of the British consulate with a murky past who secured swift asylum in 2020. Now a fugitive on the police wanted list, he is mixing mourning with his separatist agenda.

Fugitive on the Attack: Simon Cheng weaponizes tomorrow's memorial to strike at the Hong Kong government.

Friday is just the warm-up act. The real play comes Saturday, when various BNO holder groups converge for a "large march." The mourning angle? That was a last-minute add-on. Their original, stated goals were purely political: protecting BNO settlement perks and killing China’s "super embassy" plan in London.

Shifting goalposts is their only constant. Previous marches relied on a motley crew of anti-China politicians and separatists to sour UK-China relations. But here is the cold reality: British intelligence greenlit the embassy, and Prime Minister Keir Starmer looks ready to approve it. With the opposition campaign hitting a dead end, turnout is nose-diving.

To arrest the decline, organizers are tapping into anxiety among Hong Kong BNO holders about tougher residency rules. By adding a "no change to settlement conditions" demand, they hope to drag more bodies into the street and pad their shrinking numbers.

Fading Relevance Desperate for Numbers

Then came the fire. It was a "once-in-a-century" disaster, and these groups wasted no time weaponizing the grief. By co-opting the tragedy, they aim to lure in regular Hong Kong people who just want to mourn, oblivious to the hardline agenda. It makes their "triplet" protest look far bigger than it actually is.

The playbook is predictable. Once the crowd gathers to mourn, organizers will pour political fuel on the fire, steering the anger toward the HKSAR Government. The goal is simple: export this manufactured outrage back to Hong Kong, triggering "brothers-in-arms" to reignite the ashes of the 2019 turmoil.

This isn't the first time they have built a platform on tragedy. It won't be the last. Authorities need to keep their eyes wide open.

Lai Ting-yiu