A man walks past a money exchange house with exchange rates in Mexico City on April 7, 2025. While the US dollar rebounded after sharp losses last week, stock markets and oil prices around the world collapsed further on a black Monday for markets as US President Donald Trump stood firm over his tariffs despite recession fears. (Photo by Yuri CORTEZ / AFP) Photo by YURI CORTEZ/AFP via Getty Images
The Trump administration’s crackdown on illegal immigration is playing a role in the sharpest decline in monthly remittances to Mexico in more than a decade, analysts say.
According to numbers released this month from the Bank of Mexico (Banxico), income from remittances abroad stood at $5.2 billion in June, a 16.2 percent decrease compared to June 2024.
