Trump threatens remittances to Mexico

Posted on January 29, 2017 • Filed under: Border Issues, Conflicts, Economy, Politics, United States

Mexico’s biggest cash cow is under threat from President Donald Trump.

The country’s largest source of cash comes from Mexicans living in the United States. That is now under the microscope after Trump issued an executive order Wednesday to start building a wall on the border.

During his campaign, Trump said multiple times that Mexico will pay for the wall. He even threatened to halt or tax cash transfers — known as remittances — from the U.S. to Mexico if the country refused to pay for it. Read Full Article

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