Remittances from immigrants living in the U.S. are the largest source of foreign income for Latin America

Remittances — money that migrants send back to family or loved ones living in their home countries — have served as an incredible source of income for Latin American governments.

The U.S. is by far the largest source of remittances sent around the world, meaning the American economy misses out on billions of dollars transferred abroad every single year .

Trump ’s promise of a massive deportation operation could upend this cash cow enterprise for Latin America .

Central America is much more reliant on the cash its expatriates send home annually .

Honduras president Xiomara Castro threatened to discontinue military cooperation with the U.S. in her country if President Trump moves forward with mass deportation plans.

A spokesperson for the incoming administration suggested they will continue to move forward with plans to close the southern border and deport illegal migrants back to their home countries.