From Breitbart: Actions taken to shut down illegal crossings of the U.S.-Mexico border, mass deportation operations across the country, and an unprecedented increase in ICE worksite enforcement operations are the likely cause of a more than $250 million drop in money sent to Mexico in April. The amount sent by Mexican citizens to their home country is the most significant drop in twelve years, according to Banco de México.
The April report published by Banxico.org, which tracks and analyzes remittances, shows a sharp reduction in electronic wire transfers and money orders when compared to the previous month. Mexican President Claudia Sheinbaum addressed the drop in remittances during a Tuesday morning press conference where she urged citizens to remain calm as officials analyze why the remittances to her country have dropped precipitously.
During the daily press conference, Sheinbaum announced a delegation of officials would travel to the United States to address a proposed 3.5 percent tax on remittances to Mexico found in the “Big Beautiful Bill” budget reconciliation legislation. The tax contained within the legislation could result in revenue to the U.S. of more than $2 billion annually, based on more than $60 billion in remittances sent to Mexico in 2024.
The total remittances to Mexico, however, may continue to fall based on the increased immigration enforcement operations taking place nationwide. As reported by Breitbart Texas, ICE is conducting worksite enforcement operations across the country in multiple industries.
Victor Davis Hanson recently warned that about $63 billion a year is funneled from the United States to Mexico through remittances.
The border crisis the Left designed has been benefiting the Mexican government, as $63 billion is leaving the U.S. for Mexico in remittances, plus another $60 billion going to Central American countries. As always, it’s the American people who lose out when it comes to bad border… pic.twitter.com/FtjUxXjHBe
— Heritage Foundation (@Heritage) May 28, 2025
#NAI | Remittances Mexico-USA, a thread🧵
💸In 2024, remittances to Mexico hit almost $65 billion, powered by working-age Mexican immigrants in the US. That’s 4.5 million households supported — a critical economic lifeline, especially in rural regions
95% of that comes from 🇺🇸 pic.twitter.com/0o9L4H7Tc1
— U.S.-Mexico Foundation (@USMexicoFound) June 3, 2025
#NAI | 📍Where do remittances land? 🧵
Top 5 by total value:
Michoacan: $5.6B
Guanajuato: $5.6B
Jalisco: $5.5B
CDMX: $4.6B
State of Mexico: $4.6B pic.twitter.com/KHXDUDj1B9— U.S.-Mexico Foundation (@USMexicoFound) June 3, 2025
The majority of the remittances flowing to Mexico are coming from California and Texas.
#NAI | Where does the $$$ come from? 🧵
🐻California: >$20B
🤠Texas: ~$9BMeanwhile, Midwest/Northeast states send < $300M
Migration patterns shape remittance flows! 🚶🚶♀️🚶♂️ pic.twitter.com/QKN9iOPFP3
— U.S.-Mexico Foundation (@USMexicoFound) June 3, 2025
$RELY 10K “a substantial amount of revenue has been derived by Mexico, India, Philippines. OUR BUSINESS COULD BE SIGNIFICANTLY AFFECTED BY ADVERSE CHANGES IN THESE REGIONS”
Mexico records steepest monthly remittance decline in 13 years @Reutershttps://t.co/dUz1dl3gLc pic.twitter.com/ir2T9zqtUW
— Reg. BS (@PD13158196) June 2, 2025
READ MORE from Breitbart.
This comes after remittances flowing out of the U.S. to Mexico had literally DOUBLED during the Biden administration, from $33.5 billion in 2018 to $63 billion in 2023.
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