Mexico City, June 4 -- Mexico's government is investigating the cause behind a dramatic decline in remittances for April, President Claudia Sheinbaum said Tuesday, hinting at the U.S. immigration crackdown.
Since taking office in January, U.S. President Donald Trump has escalated large-scale detentions and deportations of undocumented migrants, citing national security concerns.
More recently, he proposed a bill to tax remittances -- the money migrants working in the United States send home. The proposal is currently under debate in the U.S. Senate.
On Monday, Mexico's central bank reported that remittances in April totaled 4.761 billion U.S. dollars, marking a 12.1 percent drop from a year earlier -- the steepest decline in over a decad...