On Friday, The Epoch Times posted an article about one consequence of closing the southern border of America to illegal entrants.
The article reports:
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.
Remittances in 2024 represented approximately 3.4 percent of Mexico’s gross domestic product, according to the World Bank.
Remittances are transfers of money earned in the United States to such parties as relatives, friends, or business associates abroad. Ninety-nine percent of the remittances sent in the first half of 2025 were made through electronic funds transfers, according to the BBVA report.
The drop occurred after a decade of growth. Between 2013 and 2024, remittances to Mexico almost tripled to $64.7 billion from $23 billion, according to BBVA.
The Big Beautiful Bill includes a 1 percent remittance fee. However, there are easy ways to avoid this fee.
The article reports:
People can send money to their family members in Mexico without wiring it, Valdez said. She said people are finding other ways to deliver money, such as “getting together with the neighbors, getting together with people that are actually traveling and bringing cash.”
Some could also be taking advantage of a new system, the Bienestar card, Valdez said. The bank card system, set up by the Mexican government, can be used for remittances and is advertised as bypassing the 1 percent U.S. tax on remittances because it’s considered a bank-to-bank transfer that doesn’t involve cash.
Some Democrats have argued that the remittances help support communities in the countries they are sent to. However, it should be noted that the remittances can also support drug cartels, particularly in Mexico. These remittances may be one of the ways a family pays to have their child illegally smuggled into the United States.

