Ebrard Condemns Proposed US Tax on Remittances to Mexico

Mexico's Economy Secretary Marcelo Ebrard strongly criticized a proposed 3.5% tax on remittances from the United States, a bill that recently passed the House of Representatives. Ebrard's statement highlights concerns about the potential impact on low-income Mexican families who rely heavily on these funds. He warned that Mexico might take reciprocal measures if the Senate approves the legislation. "It's not good news," Ebrard stated, emphasizing the ethical concerns and potential for retaliatory actions. The situation underscores the complex economic ties between the two nations and the potential for significant political fallout.