Unexpected Setback in Trump's Approval Ratings
U.S. President Donald Trump's Economic Approval Ratings Decline, Poll Reveals
After a little over three months in office, President Donald Trump's support for his economic policies has noticeably decreased, according to a poll conducted by Reuters/Ipsos.
In the latest poll, which concluded on Monday, only 37% of respondents approved of Trump's management of the economy. This approval rating is a significant drop from the 42% he garnered immediately following his inauguration.
During his campaign, Trump pledged to invigorate the economy and usher in a "Golden Age" for America. However, this approval rating falls short compared to his first term when he received support from 45 to 55% of respondents for his economic policy.
The poll revealed that two-thirds of respondents expressed concern regarding the stock market's performance. The market has experienced a considerable downturn in recent weeks due to trade policy fluctuations. Furthermore, 76% of respondents cited the risk of a recession as a concern, and 56% found Trump's economic overhaul plans to be too erratic.
While a significant portion of Americans continue to support Trump, his overall approval rating of 42% remains higher than that of his Democratic predecessor, Joe Biden, for much of his term.
James Pethokoukis, an economist from the conservative think tank American Enterprise Institute, highlighted the discrepancy between Trump's promises and current economic realities. He noted that while everything that should be rising is falling, and vice versa, economic warning signs are putting pressure on Trump to revise his tariff policies. However, even if Trump adjusts his stance, the swift recovery of the economy may be hindered by the prevailing chaos.
The poll findings suggest that Trump's approach to tariffs and his handling of inflation have led to low approval ratings for his economic policies. These factors contribute to an overall dissatisfaction among Americans regarding his management of economic challenges.
- The decline in President Donald Trump's economic approval ratings, revealed by a poll, might be attributed to concerns about his stock-market policies, as two-thirds of respondents expressed anxiety over the market's performance.
- The poll also indicated that 76% of respondents are worried about the risk of a recession, and 56% found Trump's economic overhaul plans to be too erratic, which could be factors contributing to the decline in his approval ratings.
- For economist James Pethokoukis, the discrepancy between Trump's economic promises and current realities is glaring. He believes that economic warning signs are compelling Trump to reconsider his tariff policies, but a swift recovery of the economy may still be hindered by the ongoing chaos.
