The Trump administration has introduced a new approach to the H1B visa programme, positioning it as a temporary pathway for bringing skilled foreign professionals to the United States so they can train American workers for high skill roles. Treasury Secretary Scott Bessent said the shift reflects the president’s push to revive critical industries that the country has relied on overseas for decades.
Bessent explained during an interview with a news host that the move is designed to support a long term effort to rebuild US manufacturing. He said the country cannot rapidly restore industries like ships or semiconductors after years of outsourcing, and that foreign experts are needed to guide the transition.
He described the updated policy as a knowledge transfer model. According to him, overseas workers with precision skills would come for three to seven years, train American employees and eventually return home once US workers are fully prepared to take over.
Bessent also responded to concerns that foreign workers could replace American professionals. He said an American cannot immediately take on some of these specialised jobs because the ecosystem has not existed in the country for years. He added that bringing in experienced partners to teach domestic workers is a necessary step toward rebuilding the nation’s industrial capabilities.
Highlighting the administration’s broader goals, Bessent said the new H1B direction aligns with the president’s plan to reduce import dependence and bring strategic sectors back to the United States. He pointed to growth plans for semiconductor facilities in states like Arizona as an example of this effort.
He also noted that discussions are underway for a possible two thousand dollar tariff rebate for families earning under one hundred thousand dollars. He said the president wants families to directly benefit from strong trade policies.
Bessent added that the administration’s economic vision is focused on what he described as Parallel Prosperity, an approach where financial markets and everyday economic activity grow together. He said this depends on ensuring that the Treasury market remains deep, liquid and stable.
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