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Home Business & Finance Stock Market

Trump sides with Elon Musk in H-1B visa debate, says he’s always been in favor of the program By Reuters todayheadline

December 29, 2024
in Stock Market
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© Reuters. FILE PHOTO: U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo
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By Nandita Bose

WEST PALM BEACH, Florida (Reuters) -President-elect Donald Trump on Saturday sided with key supporter and billionaire tech CEO Elon Musk in a public dispute over the use of the H-1B visa, saying he fully backs the program for foreign tech workers opposed by some of his supporters.

Trump’s remarks followed a series of social media posts from Musk, the CEO of Tesla (NASDAQ:) and SpaceX, who vowed late Friday to go to “war” to defend the visa program for foreign tech workers.

Trump, who moved to limit the visas’ use during his first presidency, told The New York Post on Saturday he was likewise in favor of the visa program.

“I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great program,” he was quoted as saying.

Musk, a naturalized U.S. citizen born in South Africa, has held an H-1B visa, and his electric-car company Tesla obtained 724 of the visas this year. H-1B visas are typically for three-year periods, though holders can extend them or apply for green cards.

The altercation was set off earlier this week by far-right activists who criticized Trump’s selection of Sriram Krishnan, an Indian American venture capitalist, to be an adviser on artificial intelligence, saying he would have influence on the Trump administration’s immigration policies.

Musk’s tweet was directed at Trump’s supporters and immigration hard-liners who have increasingly pushed for the H-1B visa program to be scrapped amid a heated debate over immigration and the place of skilled immigrants and foreign workers brought into the country on work visas.

On Friday, Steve Bannon, a longtime Trump confidante, critiqued “big tech oligarchs” for supporting the H-1B program and cast immigration as a threat to Western civilization.

In response, Musk and many other tech billionaires drew a line between what they view as legal immigration and illegal immigration.

Trump has promised to deport all immigrants who are in the U.S. illegally, deploy tariffs to help create more jobs for American citizens and severely restrict immigration.

The visa issue highlights how tech leaders like Musk — who has taken an important role in the presidential transition, advising on key personnel and policy areas — are now drawing scrutiny from his base.

The U.S. tech industry relies on the government’s H-1B visa program to hire foreign skilled workers to help run its companies, a labor force that critics say undercuts wages for American citizens.

Musk has spent more than a quarter of a billion dollars helping Trump get elected in November. He has posted regularly this week about the lack of homegrown talent to fill all the needed positions within American tech companies.

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