Remittances To Mexico Drop More Than 15% In June With Immigration Crackdown And Trump Tax Threats

Remittances to Mexico plummet 16.2% in June, the biggest drop in over a decade

The amount of money Mexico received in remittances fell 16.2% annually in June, the largest year-over-year decline for any month in more than a decade.

CNN confirms Trump's immigration crackdown is having historic effects

'We're talking down from 2.8 million in 2024.'

Remittances To Mexico Drop More Than 15% In June With Immigration Crackdown And Trump Tax Threats

Mexico's national bank informed that remittances from the U.S. have fallen over 16% compared to the same month last year. June's was the third consecutive monthly decrease

Trump's immigration policy is pressuring remittances: Western Union

Western Union's North American money transfer business logged a decline in cross-border remittance revenue, led by drops in the U.S. to Mexico corridor, its largest remittance stream by far. The company is also bracing for the 1% remittance tax codified in the "Big Beautiful Bill," a levy that does not directly apply to banks.

Trump’s Militarized Immigration Crackdown Is a Constitutional Crisis in the Making - Davis Vanguard

The Trump administration is using military force to conduct immigration raids in American cities, which is a dangerous erosion of the line between civilian and military authority and threatens the constitutional balance and civil liberties at the heart of American democracy.