He didn’t “institute” anything. He can’t do it without getting a law passed.
That’s just like the “deal” he made with Nvidia that Nvidia would pay 15% of revenue for every processor shipped to China.
The CFO of Nvidia said on the earnings call that it doesn’t matter what deal someone at his company made with Trump, he isn’t authorizing any funds transfer until there is a law passed.
Even my mid sized company when asked when they would start allowing private equity and crypto based on Trump’s announcement, they said not until a law is passed by Congress.
On a completely separate note, of the large tech companies can’t get H1Bs cheaply, they will continue to expand their presence outside of the country.
That’s just like the “deal” he made with Nvidia that Nvidia would pay 15% of revenue for every processor shipped to China.
The CFO of Nvidia said on the earnings call that it doesn’t matter what deal someone at his company made with Trump, he isn’t authorizing any funds transfer until there is a law passed.
Even my mid sized company when asked when they would start allowing private equity and crypto based on Trump’s announcement, they said not until a law is passed by Congress.
On a completely separate note, of the large tech companies can’t get H1Bs cheaply, they will continue to expand their presence outside of the country.