A combination of factors led to an almost 5 percent decrease in remittances from the United States to Mexico in 2025; this decline, worth more than US$3 billion, affected close to half a million households.
Since returning to the White House in 2025, U.S. President Donald Trump has put the fentanyl crisis at the center of U.S. policy toward Latin America.
President Sheinbaum has been unable to reform Mexico’s electoral code. She failed to pass a bill that sought to modify the proportional representation system and reduce public financing for political parties. Many critics argued that the reform was intended to weaken pluralism in Mexico. Two weeks ago, Mexico’s Congress rejected the proposal.
Many challenges have confronted companies and migrant senders this year, including the proposed tax on remittances, deportations, and a decline in migration.
In this article, the author evaluates the first year of Sheinbaum’s security strategy, focusing on the duality of her security approach.
Mexico’s position in the global trade realignment could be pivotal, opening a path toward a more sovereign and resilient economy. The same forces that exposed its vulnerabilities have also revealed its potential. As trade becomes more politicized and fragmented, success will depend not only on specialization but also on alignment—industrial, geographic, and strategic—with the emerging logic of regional economic security.
This briefing offers an update on remittance growth in Mexico for 2024 by looking past trends as well as key issues. Additionally, the memo shows how government policy has sought to intervene at the point of sending or receiving in certain ways, and that the overall upward trend is sustained by migration and remittance frequency. Lastly, the memo signals a slowdown in principal sent that is partly associated with microeconomic inflationary trends.
The following note reviews some of the factors driving recent growth in remittances sent to Mexico.
A Latin America Advisor interview on nearshoring with Tara Hariharan, managing director of Global Macro Research at NWI Management LP.
The Latin America Advisor interviewed Pamela K. Starr, professor at the University of Southern California, about Mexico’s midterm elections.
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