Trump upends flow of money migrants send home
By Stephen Dinan - The Washington Times - Tuesday, September 2, 2025
Mexicans living in the U.S. are suddenly sending less money back home and Mexican President Claudia Sheinbaum is blaming America’s crackdown on illegal immigrants, saying President Trump is hurting her nation’s bottom line.
The central bank in Mexico said July saw a $1 billion drop in remittances, the largest month-to-month fall in more than a decade, to $5.2 billion. It’s not a fluke. The total so far this year is off more than 5% compared to 2024.
But remittances to Guatemala, El Salvador and Honduras, three other nations of origin for migrants who are in the U.S. illegally, remain at or near record levels, suggesting that Mr. Trump’s immigration crackdown isn’t at play, or at least cannot be the only reason.
“It is strange that the two would take different directions. I find that puzzling,” said Steven A. Camarota, research director at the Center for Immigration Studies.
Remittances are a lifeline for those nations, and during the Biden years it was a bonanza.
Remittances accounted for 26% of gross domestic product in Honduras in 2024. The total is running ahead of that so far this year, at $6.9 billion through July, compared to $5.5 billion at the same point last year.
They accounted for 4% of Mexico’s GDP in 2024, though they are steadily dropping in total.
Ms. Sheinbaum said they fell 15% from June to July, and are down 5% for the whole year.
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READ MORE: https://www.washingtontimes.com/news/2025/sep/2/donald-trump-upends-flow-money-migrants-send-home/
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