US EditionMexico Remittances Plunge as Trump Cracks Down on Migrants
- Remittances to Mexico declined by 12.1% in April 2025 compared to the previous year, representing the largest year-on-year decrease in more than ten years, according to central bank data.
- The decline followed a weakening U.S. Labor market and heightened migrant fears of job loss or deportation amid an ongoing crackdown since President Trump's 2017 term began.
- April saw 8.1% fewer remittance transactions totaling $4.76 billion, with migrants mainly in the U.S. Sending less to central and western Mexico.
- Banco Base's Gabriela Siller called the April data 'terrible' and noted the drop likely reflects migrants' fear of sending money and a weaker U.S. Job market.
- This slump suggests short-term disruptions in remittance flows that underpin Mexico's economy, especially amid possible U.S. Tax proposals on these payments.
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President Claudia Sheinbaum Pardo said they analyze the causes of the 12 percent drop in remittances in April, as reported by the Bank of Mexico.
Mexico faces economic instability as remittances from US plunge 12%
Analysts said the slump likely resulted from a broad crackdown on migration in the U.S. since President Donald Trump came to power in January, as authorities revoke some Biden-era protections and increase raids across the country
In April 2025, Mexico received $4.761 million in remittances, a drop of 12 percent compared to the same month of 2024. This is the deepest fall since September 2012, according to data from the Bank of Mexico (BdeM). READ ALSO:Sheinbaum pays tribute to cadets and defends judicial election in Mexico The figure alerts the Mexican government and millions of families who depend on this income to survive.
After Trump’s arrival, which plans to put a tax on money shipments, remittances, which last year set a record, have begun to slow down.
For the Mexican economy, money transfers from abroad are important, but most recently the so-called Remesas went down massively. This is mainly due to the harassment from the White House.
Mexico Remittances Plunge as Trump Cracks Down on Migrants
Remittances sent to Mexico fell 12% in April from a year prior, registering the largest annual drop in more than a decade as US lawmakers mull taxing the transfers and Donald Trump’s administration toughens its rhetoric against migrants.
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