Mexican President Claudia Sheinbaum said that the U.S. lowered its proposed tax on remittances from 5% to 3.5%, but that officials will continue working to lower it further.
During her daily press conference on Thursday, Sheinbaum welcomed a move by U.S. lawmakers to reduce the proposed tax rate to 3.5%, but said she would keep pushing for its full elimination. She argued that the tax would harm not just Mexico, but many countries in the region and beyond.
