Mexico Braces for Economic Contraction as U.S. Tariffs and new Remittance Tax Loom

Mexico Braces for Economic Contraction as U.S. Tariffs and new Remittance Tax Loom

The Mexican Institute of Finance Executives (IMEF) warned Tuesday that Mexico’s economy will likely contract in the second quarter of 2025. IMEF President Gabriela Gutiérrez cited Washington’s tariff policies and other external factors as key contributors to the downturn. Mexico narrowly avoided a technical recession in the first quarter with a modest 0.2% growth, following […]

Economy Secretary Marcelo Ebrard said he works in ambitious portfolio of more than 2,000 national and international investment projects.

The proposal for a 5% tax on remittances sent from the United States, now being debated by the House of Representatives, distresses migrants whose families depend on this money, with more than 40 million people who would be affected in the country. For the Dominican Republic, the tax could be difficult for the more than one million Quisqueyans who send money to their families. Last year, Dominicans sent 11 billion dollars to their families, equi…