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Money Wired to Mexico Hits a Decade Low as US Immigration Policies Take Hold

A new 1 percent remittance tax also goes into effect in January 2026.
Money Wired to Mexico Hits a Decade Low as US Immigration Policies Take Hold
A man walks past a money exchange business showing exchange rates, in Mexico City on April 7, 2025. Photo by YURI CORTEZ/AFP via Getty Images
Darlene McCormick Sanchez
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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 with June 2024.

Darlene McCormick Sanchez
Darlene McCormick Sanchez
Reporter
Darlene McCormick Sanchez is an Epoch Times reporter who covers border security and immigration, election integrity, and Texas politics. Ms. McCormick Sanchez has 20 years of experience in media and has worked for outlets including Waco Tribune Herald, Tampa Tribune, and Waterbury Republican-American. She was a finalist for a Pulitzer prize for investigative reporting.