🧠 I'll explain it simply: Trump's new tax on remittances

💸 What does Trump propose?

President Donald Trump has pushed for a law that establishes a 3.5% tax on remittances sent from the United States by individuals who are not U.S. citizens. This includes undocumented immigrants and those with temporary visas. The measure was approved by the House of Representatives and is pending review in the Senate. 

📊 Who does it affect and how?

This tax will primarily impact immigrants who send money to their families in countries like Mexico, Guatemala, El Salvador, and Honduras. For example, in Mexico, where remittances represent a significant part of the GDP, it is estimated that the tax could cost migrants over 2.7 billion dollars a year. 

⚠️ What are the concerns?

Experts warn that this measure could lead migrants to use informal channels or cryptocurrencies to avoid the tax, increasing the risks of fraud and theft. Additionally, the tax is considered discriminatory and could have negative economic consequences for both the receiving families and the countries dependent on these remittances.

#TradingTypes101 #NewsAboutCrypto

$TRUMP