特朗普签了，10万美元/人！关税冲击加大，中国再减美债257亿美元

Group 1: H-1B Visa Policy Changes - The Trump administration has signed an executive order significantly increasing the annual fee for H-1B visa applicants to $100,000, raising the entry barrier for foreign skilled workers [1][5] - The H-1B visa is crucial for attracting global talent, particularly in the tech industry, where companies like Google, Microsoft, and Amazon rely heavily on it to recruit foreign professionals [3][5] - The new policy aims to address the alleged abuse of the H-1B program by companies using cheaper foreign labor to replace American workers, which is claimed to harm the U.S. economy and national security [5][7] Group 2: Impact on Tech Companies - The increased visa fees may lead to significantly higher labor costs for U.S. tech companies, potentially prompting them to relocate research and development operations to countries with lower labor costs, such as India and Ireland [8][11] - Critics argue that the policy could backfire, making it more difficult for U.S. tech firms to attract talent and potentially stifling innovation within the industry [7][11] Group 3: Gold Market Reactions - The U.S. has implemented a 39% tariff on Swiss goods, severely impacting Swiss gold exports to the U.S., which plummeted from over 30 tons to just 0.3 tons, a drop of over 99% [13][15] - This sudden halt in gold exports has created challenges for U.S. gold traders, who are now seeking alternative sources, but other countries like Canada and the UK cannot meet the demand [17] Group 4: China's U.S. Treasury Holdings - China has reduced its holdings of U.S. Treasury bonds by $25.7 billion, bringing its total to $730.7 billion, the lowest level since 2009 [19][21] - This trend of reduction has been ongoing since 2022, with significant decreases in holdings each year, which could lead to increased U.S. Treasury yields and higher borrowing costs for the U.S. government [21][24] - The decline in Chinese holdings may also weaken the dollar's international standing and create instability in global financial markets, affecting capital flows and exchange rates in emerging markets [24][26][27]