Throughout his campaign, President-elect Donald Trump spoke of the possibilities of blocking remittances to Mexico or imposing taxes on these transfers, in order to finance the border wall. In response, President Mexican Peña Nieto recently stated
that "millions of Mexican families, principally those of low means, depend on these resources." Mexico's concerns are underlined by the fact that remittances are the second highest source of income for the country
, behind automotive exports. At the global scale, Mexico is the fourth-largest
remittance recipient, following India, China, and the Philippines. Regionally, Mexico accounts for over one-third
of remittances sent to Latin American (37.9 percent), making it the top recipient. Guatemala falls second in the region, and receives four times less than Mexico (9.2 percent).