Trump’s Comeback Could Disrupt Latin America’s Remittances
Plans to accelerate deportations, curb immigration, and tax remittances may restrict a vital flow of capital and source of growth in the region.
For decades, remittances have been a critical pillar of Latin American and Caribbean economies, representing a lifeline for the poorest families and a major boost for the region's middle classes. A record $159 billion was received last year, up from $62 billion a decade ago. But now the landscape may change. During his campaign, President-elect Donald Trump promised to deport millions of undocumented workers and restrict legal immigration to the U.S. to reset the nation’s migration policy, potentially reducing the number of senders and the amount of money flowing to the region....
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