Trump administration to slash fee to renounce US citizenship from $2,350 to $450

The Trump administration will reduce the fee to renounce US citizenship from $2,350 to $450 beginning in April, accepting a financial loss to process the applications below cost. The current fee was established in 2015 and had been widely criticized as a barrier to Americans seeking to give up their citizenship. The lower fee reverses a years-long promise from Trump to eliminate what opponents viewed as an unpopular policy. The move makes it substantially cheaper for Americans to formally renounce citizenship, though the government will absorb the difference between the processing cost and the reduced fee. The change takes effect in two months.