How Will Mexico’s President-Elect Claudia Sheinbaum Affect California?

Last updated: June 9, 2024 10:16 pm

Sheinbaum to consider the economic impact of decreased remittances from the United States. The Wall Street Journal reported that remittances from Mexicans living abroad, mostly in the United States, hit $4.5 billion in April, up 23% from a year ago.

But remember, we have two elections before Ms. Sheinbaum takes office: Mexico’s local elections on July 1, and the U.S. election on Nov. 5. Both could change the picture. Sheinbaum will need to carefully navigate the changing political landscapes on both sides of the border to ensure economic stability and growth for both Mexico and the United States.

It is imperative to address the potential economic impact of Ms. Scheinbaum’s policies on the Mexican economy and the influx of immigrants at the border. If her economic strategies lead to damage in Mexico, the crisis could escalate due to the high number of immigrants waiting at the border.

Impact on California

According to a report by The Epoch Times in January, the implementation of free health care for illegal immigrants in California could cost taxpayers billions annually. Recent estimates suggest that this newly enacted state law could result in a financial burden ranging from $3 billion to $6 billion per year.

In March 2023, a study by the Federation for American Immigration Reform revealed that illegal immigration was costing U.S. taxpayers $150.7 billion. California taxpayers alone bore a cost of $30.9 billion.

If Ms. Scheinbaum’s policies lead to an increase in illegal immigration to California, these costs are likely to rise. Conversely, if former President Trump fulfills his promises to curb illegal immigration and deport those already present, the financial burden is expected to decrease.

Just like in Mexico, elections in the United States have significant consequences.

Opinions expressed in this article are solely those of the author and do not necessarily reflect the views of The Epoch Times.

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