US to Welcome Skilled Foreign Workers for 'Knowledge Transfer', Says Treasury Secretary Bessent
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US Treasury Secretary Scott Bessent has shed light on President Donald Trump's recent comments on the H-1B visa policy. According to Bessent, the policy aims to bring in skilled foreign experts to train American workers, rather than replacing them. This clarification comes after Trump's interview with Fox News, where he emphasized the need for skilled immigrants to fill gaps in the US workforce. Trump stated that Americans lack certain talents and must learn from others. In a Fox News interview, Bessent explained that Trump's vision involves hiring overseas workers for 3-7 years to train US workers, who can then take over their roles after their departure. This approach is seen as a way to address concerns about job displacement and promote knowledge transfer. Bessent cited examples of industries like shipbuilding and semiconductor manufacturing, where US workers require training to fill the skills gap. Trump's comments have sparked debate, with some viewing them as a shift in the administration's stance on immigration. Bessent's clarification aims to reassure critics that the policy is designed to benefit American workers, not replace them.
