Possible. Trump is in trouble with MAGA over Epstein etc., so he puts out this proposal for a headline and will revert it under certain circumstances.

I was already surprised that he implements one of his campaign promises.

Companies are laying off people, so there is no competition for labor.

Right now. What happened in the future? When the job market recovers will it happen in the US or elsewhere?

Then one can let more people in. It is not rocket science.