(Reuters) -JPMorgan will engage with stakeholders and policymakers after U.S. President Donald Trump unveiled a one-time fee of $100,000 for H-1B visas, the Times of India newspaper said on Tuesday, citing an interview with CEO Jamie Dimon.
Some big tech companies warned visa holders to stay in the United States or return quickly after the Trump administration said last week it would ask companies to pay the fee for such visas.
"For us, visas matter because we move people around globally - experts
who get promoted to new jobs in different markets," Dimon told the paper.
In a subsequent clarification, the White House said the fee would apply to each visa request and not to existing visa holders re-entering the United States.
Commenting on the U.S.-India trade deal, Dimon said he hoped Trump and Indian Prime Minister Narendra Modi could reach an agreement.
"I see India as a natural friend of America. I don't think we need to ask you to align; we should extend our hand, build relationships," Dimon added.
India's Trade Minister Piyush Goyal is in Washington to accelerate talks on a long-pending trade deal, nearly a week after a U.S. delegation met trade officials in India.
Trump last month imposed a 25% punitive levy on Indian imports from August 27, doubling overall tariffs to 50%, as part of Washington’s pressure campaign on Moscow over its invasion of Ukraine.
A planned U.S. delegation visit to New Delhi from August 25-29 was cancelled after talks stalled, with India resisting U.S. demands to open its vast farm and dairy markets.
(Reporting by Gnaneshwar Rajan and Harshita Meenaktshi in Bengaluru; Editing by Jacqueline Wong, Clarence Fernandez and Saad Sayeed)
