Washington: US President Donald Trump, known for imposing tariff burdens on multiple countries, continues to push his economic agenda aggressively. At a recent Artificial Intelligence summit held in Washington, Trump urged major American companies like Google and Microsoft to reduce their dependence on foreign talent and focus on providing job opportunities to American citizens.
Trump also sharply criticized US companies for investing abroad, particularly in countries such as India and China. While benefiting from the US system, he opposed foreign investments by American firms, highlighting concerns amid ongoing debates on immigration and employment in the technology sector.
In line with this stance, the Trump administration has tightened H-1B visa regulations, essential for Indian professionals seeking employment in the United States. Since Trump took office, a significant number of H-1B visa applications and extension requests have been denied, reflecting efforts to prioritize employment for American workers and discourage the hiring of lower-wage foreign employees.
Addressing the impact of retaliatory tariffs, Trump highlighted their adverse effects on the US stock markets through a post on his social media platform, Truth Social. He stated that tariffs have generated hundreds of millions of dollars in revenue for the US Treasury and contributed to unprecedented economic growth. Trump warned that obstructing tariffs now could impede wealth creation efforts and potentially lead the US economy into a depression similar to that experienced in 1929.