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Mexico's biggest cash cow is under threat from President Donald Trump. The country's largest source of cash comes from Mexicans living in the United States. That is now under the microscope after Trump issued an executive order Wednesday to start building a wall on the border. During his campaign, Trump said multiple times that Mexico will pay for the wall. He even threatened to halt or tax cash transfers -- known as remittances -- from the U.S. to Mexico if the country refused to pay for it. Powered by SmartAsset.com SmartAsset.com "They will reimburse us for the cost of the...

On Wednesday, Trump signed two executive orders dealing with enforcing current immigration laws and the construction of a border wall. Trump specifically called out Mexican cartels in the executive order. In response to the anti-cartel measures, Peña Nieto took to social media, as Breitbart Texas reported. In addition to denouncing the measure, Peña Nieto announced that he would be ordering the 50 Mexican Consulates in the U.S. to step up their efforts to protect “migrants”. The Mexican president made no mention of the fact that the migrants are one of the largest funding mechanisms for the cartels who reportedly helped...

President Donald Trump wants to impose at 20% tax on imports from Mexico to pay for the border wall, according to his White House press secretary. Speaking to reporters aboard Air Force One, Sean Spicer wouldn't give further details on the proposed tax. He described it as a beginning of a process that would be part of overall tax reform, but did describe it as a decision that Trump has already made. "This is something that we've been in close contact with both houses in moving forward and creating a plan," Spicer said. "It clearly provides the funding and does...

PHILADELPHIA — President Trump plans to make Mexico pay for his border wall by imposing a 20 percent tax on all imports into the United States from Mexico, raising billions of dollars that would cover the cost of the new barrier. The proposal, which Sean Spicer, the White House press secretary, said the president discussed privately with congressional Republicans before giving remarks at a party retreat here, would be a major new economic proposal that could have far-reaching implications for consumers, manufacturers and relations between the two governments. Mr. Spicer said the 20 percent tax on annual Mexican imports would...

<p>MEXICO CITY--President Enrique Peña Nieto on Thursday called off a trip to Washington, after President Trump launched his plan to construct a border wall and insisted he would stick Mexico with the bill. The incident opened one of the most serious rifts in memory between the United States and its southern neighbor.</p>

BEGIN TRANSCRIPT RUSH: Now, usually, ladies and gentlemen, the pattern for Donald Trump during the primary season has been that when he has lost a primary, he immediately changes the narrative the next day, usually by announcing an endorsement. So you got Christie endorsing, which changed the narrative of a Trump loss. Sometimes the endorsement happens the night of a loss, usually next morning. Same thing happened with Dr. Carson after another Trump loss. Carson comes out and endorses Trump, and that changes the narrative. It's smart. Trump has no new endorsements to announce, so what he has done today...