US EditionMexico Sees Sharpest Drop in Remittances in 12 Years
- Banxico.org reported that remittances sent to Mexico declined by over $250 million in April, representing the most significant decrease the country has experienced in twelve years.
- The decline followed heightened U.S. Immigration enforcement measures, such as widespread deportation efforts and intensified ICE raids on workplaces, amid worries about a proposed 3.5% tax on remittances.
- During a Tuesday press conference, President Claudia Sheinbaum announced that a delegation would be sent to the U.S. To challenge a proposed tax that could generate approximately $2 billion in revenue there.
- In April, remittances totaled $4.76 billion, down from $5.41 billion a year earlier, with almost 12.4 million transfers averaging $385 each, reflecting an 8.1% drop in number and a 4.4% decline in value.
- The decrease signals a disruption in funds to Mexican families and may continue as immigration enforcement intensifies nationwide, affecting Mexico’s largest source of foreign income.
23 Articles
23 Articles
The Trump Effect: Money Transfers to Mexico By Mexican Nationals Drop To Lowest Level In Over a Decade
Mexican remittances dropped by more than $250 million in April—the sharpest decline in 12 years—amid aggressive U.S. immigration enforcement actions under President Trump. The crackdown is hitting both illegal border crossings and workplaces, with ripple effects reaching all the way back to Mexico. Key Facts: Mexico saw a $250 million drop in remittances in April, per Banco de México, the sharpest fall in over a decade. The decline follows a su…
American Lookout
US Remittances To Mexico Drops Most In Over A Decade
Remittances from the US to Mexico dropped sharply in April. According to Bank of Mexico data, Mexican families received $4.78 billion in remittances in April, a $380 million drop from March and down 12.1% from April 2024. Human events reported: Money sent home by Mexican workers abroad dropped sharply in April, making this third straight monthly decline and raising concerns over a proposed US tax that could further reduce this vital income strea…
The measures taken to close the illegal crossings of the border with Mexico, the massive deportation operations throughout the country and an unprecedented increase in ICE raids in workplaces are some of the causes that analysts blame for the deepest fall in the last 12 years of remittances sent to the Aztec country. Read more]]>
America First Report
Uncanceled NewsRemittances to Mexico Plunge as US Eyes New Tax Under Trump’s Big Beautiful Bill
(Human Events)—Money sent home by Mexican workers abroad dropped sharply in April, making this third straight monthly decline and raising concerns over a proposed US tax that could further reduce this vital income stream. Data released by the Bank of Mexico this week shows that Mexican families received $4.76 billion in remittances in April—a $380 million drop from March’s total of $5.14 billion. Compared to April 2024, this is a 12.1 percent de…
ThePatriotLight - Remittances to Mexico plunge as US eyes new tax under Trump’s Big Beautiful Bill
ThePatriotLight - Compared to April 2024, this is a 12.1 percent decrease, the largest year-over-year fall since September 2012. Money sent home by Mexican workers abroad dropped sharply in April, making this third straight monthly decline and raising concerns over a proposed US tax that could further reduce this vital income stream.Data released by the Bank of Mexico this week shows that Mexican families received $4.76 billion in remittances i…
Coverage Details
Bias Distribution
- 57% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
