Market Alert: Trump’s Tariff Policy Pressures Healthcare Stocks
Highlights:
A coalition of healthcare providers, university professors, religious organizations, and advocacy groups has filed a federal lawsuit against the newly imposed $100,000 application fee for H-1B visas, calling it disruptive to critical industries and the broader US economy. At the time of writing, the lawsuit was filed in the US District Court in San Francisco, seeking an immediate injunction to block the policy introduced by former President Donald Trump. The rule, signed as a proclamation on September 19, was set to take effect within just 36 hours, prompting urgent responses from employers reliant on foreign talent.
Healthcare and Education Leaders Voice Alarm
The plaintiffs argue that the steep fee threatens to undermine the recruitment of vital workers in healthcare and education—two sectors already grappling with staffing shortages. They contend that the H-1B visa program has long been an essential channel for hiring specialized professionals such as doctors, nurses, researchers, and teachers. “Without swift intervention, hospitals risk losing medical staff, schools may lose educators, and industries nationwide could see a decline in innovation,” stated a joint release from the Democracy Forward Foundation and the Justice Action Center, two groups representing the plaintiffs.
Accusations of an ‘Anti-Immigration Power Grab’
Critics described the new fee as “Trump’s latest anti-immigration power grab,” arguing that the abrupt rollout created widespread uncertainty among workers, employers, and federal agencies. Some employers even instructed foreign staff to return to the US immediately to avoid being affected by the new policy.
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