On August 22, the Bank of Mexico reported a stark 16.2% decline in remittances from the United States, marking the lowest level in over a decade. This significant reduction, which coincides with President Donald Trump’s stringent immigration enforcement, has raised concerns about the economic impact on both countries. The drop, the steepest since September 2012, underscores the far-reaching consequences of U.S. immigration policies and foreshadows potential new remittance taxes set to begin in 2026.


