Donald Trump’s Approval Rating Drops Amid Economic Concerns

42% of U.S. adults approve of Donald Trump’s job as president.
52% of Americans believe the U.S. economy is getting worse.
54% disapprove of Trump’s handling of foreign trade.
76% think Trump’s tariffs will raise the price of goods.
42% oppose the Republican budget proposal while 35% support.
71% of Americans are concerned about the federal budget deficit.

Trump’s Approval Rating Takes a Hit Among Americans

This latest Economist/YouGov poll reveals a snapshot of American sentiment around Donald Trump’s presidency, which is undeniably interesting, if not alarming. Currently, the numbers show that only 42% of U.S. adults approve of Trump’s job performance, while a striking 52% disapprove. This leaves Trump with a net approval rating of -10, which is down marginally from last week’s -8. Looking more closely, among Republican respondents, support remains high, with 85% approving of Trump’s performance. However, it’s worth noting that this is a significant drop from the previous week’s 90% approval rating. There’s speculation that the decline could signify a longer-term trend or merely be a blip in polling fluctuations.

Economic Sentiment Remains Negative Despite Rebound In Ratings

Moving to the economy, there seems to be a general air of pessimism. In fact, a little more than half of the Americans—52% to be exact—think that the economy is worsening. This is just one percent lower than last week when it spiked up to 53%. Considering a few months back, only 37% of Americans held such negative views, it’s an alarming trend. Meanwhile, on Trump’s handling of economic issues, disapproval is tangible; a notable 54% disapprove of his approach to foreign trade. What’s more, a robust 76% of Americans reckon Trump’s recent tariffs will hike the prices of goods, which already makes many uneasy. Only 7% foresee any price decreases stemming from these tariffs.

Republican Budget Proposal Faces Public Opposition

Then there’s the Republican budget proposal, which seems to have stirred up quite a bit of controversy. A broader 42% of citizens oppose the budget plan, compared to a mere 35% who support it—leaving about one-quarter undecided. It feels somewhat reminiscent of the initial reactions to Trump’s first budget plan back in 2017, which faced equally strong pushback. Notably, 65% of Americans believe the wealthy aren’t pulling their weight in taxes, and eyes are glued to whether the new tax plan will change that perception. Interestingly, many Americans—40%, to be exact—fear their taxes might increase under this new budget, with 14% hopeful for a decrease. Pressure mounts as discussion around the federal deficit garners concern, with 71% expressing apprehension over its size.

In summary, the latest poll paints a mixed picture for Donald Trump—while his base remains strongly supportive, growing discontent and scepticism ripple through the electorate. Economic concerns persist, with many Americans feeling uneasy about tariffs and the stock market. In regards to the Republican budget, it garners opposition, showing that the administration’s policies have potential hurdles ahead, as a significant portion thinks it might lead to increased taxes for middle and lower-income families.