Article 6XTAW Remittances to Mexico drop sharply — and a US tax could make things worse

Remittances to Mexico drop sharply — and a US tax could make things worse

by
editors@theworld.org (Tibisay Zea)
from The World: Latest Stories on (#6XTAW)

Remittances to Mexico fell over 12% in April - the sharpest decline in more than a decade. Now, a proposed 3.5% US tax on money sent abroad by non-citizens is raising fears of deeper cuts. Experts warn the move could push transfers underground and harm families who depend on dollars from abroad. The World's Tibisay Zea reports from Mexico City.

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