观点美国政治

Trump’s H-1B visa caper will backfire

The move shows how slender a grasp the president has of what makes the American economy so successful

The writer is a longtime Silicon Valley investor

Every day the Oval Office seems closer to becoming the equivalent of what the sidewalk outside Satriale’s Pork Store used to be for Tony Soprano: a place where a dubious cast of characters spawns brutish extortion schemes and hit jobs.

The latest example of this is the $100,000 levy that President Donald Trump slapped on the 85,000 US work permits granted each year to skilled, foreign nationals under the H1-B visa scheme. As usual with the Trump administration, the announcement was chaotic and half-baked.