Remittances to Mexico Continue Plunging as ICE Raids Soar Across U.S.

Remittances sent to Mexico, often by illegal Mexican nationals living in the United States, have continued plunging under President Donald Trump’s nationwide surge in interior immigration enforcement.

The remittance figures serve partially as a barometer for how the federal government is enforcing federal immigration law, as illegal aliens often work illegally in the U.S. and send money back to their home countries.

As the Latin Times notes, the Trump administration is reversing 11 consecutive years of growth in remittance money sent from Mexican workers in the U.S. to Mexico:

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In total, about $63 billion has been sent in remittances from the U.S. to Mexico in the last 12 months — less than 2023 and 2024’s totals.

The plummet in remittances to Mexico comes before Trump’s one percent remittance tax takes effect in January of next year. Initially, the tax was supposed to be set at 3.5 percent, but was quickly slashed by Senate Republicans to just one percent with huge carveouts.

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