India, Nov. 13 -- It was TACO (Trump always chickens out) time again, as US President Donald Trump dialled down the emphasis on the immigration of skilled workers into the US. Less than two months after he raised H-1B visa fees to a prohibitive $100,000 - this amount is higher than the median wage for entry-level H-1B employees - Trump has accepted that the US cannot do without skilled migrants from other countries. To be sure, Trump's initial H-1B bombshell was diluted much earlier when his administration clarified that those shifting their US visa status to H-1B - this would include university students etc. in the US - need not pay the high fees.

Trump's change of stance is perfectly rational. The US and its blue-collar workforce are r...