Immigration policy meets higher ed
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 September 2025
⏱️ 7 minutes
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Summary
The Trump administration’s new $100,000 fee on new H-1B visas for foreign workers threatens to upend hiring in tech. But the fee goes far beyond just that industry. Higher education also uses the H-1B visa, and that fee could be a big problem there. Brendan Cantwell, a professor at Michigan State University, unpacks what these changes mean for universities. But first, Dr. David Kelly, chief global strategist at J.P. Morgan Funds joins us to discuss President Trump's latest tariffs.
Transcript
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| 0:00.0 | Hello, listeners. Marketplace's Webby-winning Kids podcast, Million Bazillion, is back for an all-new season. |
| 0:07.2 | Hosts Bridget and Ryan are answering a whole new set of kid questions about everything from royalties and franchises to why the heck we have a $2 bill. |
| 0:17.0 | Even grownups might learn a thing or two. |
| 0:19.6 | Million Bazillion is presented in partnership with Greenlight, the debit card and money app for kids and teens. |
| 0:25.7 | Give your family the tools to manage money wisely with Greenlight. |
| 0:29.5 | Learn more at greenlight.com slash million. |
| 0:33.0 | And tune in to Million Bazillion wherever you find your favorite podcasts. |
| 0:38.9 | Immigration policy meets higher ed from Marketplace. I'm Sir Rebenishore in for David |
| 0:45.0 | Brancaccio. First, President Trump announced new tariffs on softwood timber, 10%, and some |
| 0:52.1 | wooden products, 30%. And specified tariffs on kitchen cabinets, 50 percent. |
| 0:57.5 | Some of these tariffs kick in fully on October 14th. Others come in stages through January 1st. |
| 1:02.8 | The president said these tariffs were justified on national security grounds and to support |
| 1:07.9 | the domestic timber industry. The U.S. Chamber of Commerce has argued that when |
| 1:11.1 | it comes to timber, there is no national security issue. Dr. David Kelly is chief global |
| 1:15.6 | strategist at J.P. Morgan Funds. Hi, David. Good morning. All right, so let's start with tariffs. |
| 1:21.2 | We've got these new tariffs on lumber, additional tariffs on kitchen cabinets, furniture, pharmaceuticals last week. |
| 1:31.3 | You know, we're no stranger to tariffs at this point, but we're getting more. |
| 1:35.2 | And what do you think these are going to do for the economy? |
| 1:38.3 | Well, I think what we've learned over the last few months is the tariffs have a delayed impact on the economy. |
| 1:44.8 | It takes a while for the price increases to kick in and for businesses to pass those onto consumers. So just because |
| 1:50.2 | it hasn't hurt that much so far, it doesn't mean it won't hurt more going forward. The other thing |
| 1:54.7 | is just the confusion. I mean, what we need is a fixed level playing for at least we we need to understand what the rules the game are. |
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