Trump Will Block Money Transfers to Force Mexico to Fund Border Wall Evelyn Duffy and Eric Yoder - MSN.com
go to original April 5, 2016

Donald Trump outlines his Mexico border wall plan (CNN)

Donald Trump says he will force Mexico to pay for a border wall as president by threatening to cut off the flow of billions of dollars in payments that immigrants send home to the country, an idea that could decimate the Mexican economy and set up an unprecedented showdown between the United States and a key diplomatic ally.

In a two-page memo to The Washington Post, Trump outlined for the first time how he would seek to force Mexico to pay for his 1,000-mile border fence, which Trump has made a cornerstone of his presidential campaign and which has been repeatedly scoffed at by current and former Mexican leaders.

The proposal would jeopardize a stream of cash that many economists say is vital for Mexico’s struggling economy. But the feasibility of Trump’s plan is unclear both legally and politically, and also would test the bounds of a president’s executive powers in seeking to pressure another country.

In the memo, Trump said he would threaten to change a rule under the USA Patriot Act antiterrorism law to cut off a portion of the funds sent to Mexico through money transfers, commonly known as remittances. The threat would be withdrawn if Mexico made “a one-time payment of $5-10 billion” to pay for the border wall, he wrote.

...Nearly $25 billion was sent home by Mexicans living abroad in 2015, mostly in the form of money transfers, according to the Mexican central bank. In his memo, Trump said that “the majority of that amount comes from illegal aliens.”

Read the rest at GhanaWeb

Related: These Stocks Would Suffer from Trump's Mexico Wall Plan (Zacks)

Related: Trump's Latest Border Bombshell Targets Some of Mexico's Poorest (Bloomberg)

Related: Obama Rips Trump’s Threat to Fund Mexico Border Wall by Halting Remittances (MarketWatch)

Related: Donald Trump Offers Completely Unworkable Solution to How He'll Make Mexico Pay for Border Wall (Alternet)

Related: Now or Never: Trump's Mexico Wall Threat Encourages Migration to US (The Guardian)

Related: U.S. Border Patrol Union's Trump Endorsement Raises Troubling Questions (PennLive)

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