Americans are souring on President Donald Trump’s economy less than 100 days into his second term, according to a new Reuters/Ipsos poll.
Trump has focused heavily on implementing his aggressive economic and trade agenda in the early weeks of his second stint in the White House, rolling out huge tariffs for nearly every country in the world and roiling markets as he seeks to reorder global commerce. However, as of mid-April, only 37% of respondents approved of Trump’s handling of the economy, according to the new poll.
The 37% mark represents a 5% drop from an Inauguration Day economic approval rating of 42%, according to Reuters. Trump’s current marks on the economy are significantly lower than his ratings during his first term in office, which hovered between the mid-40s and mid-50s.
‘I Am Typically A Democrat’: Swing-State Voter Says Biden-Harris Economy, Border Crisis Have Pushed Him To Trump Camphttps://t.co/7uQ8zHOGjv
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While Americans may not be especially fond of Trump’s economic agenda to date, his overall approval rating currently sits at about 42%, according to Reuters. That approval rating is higher than former President Joe Biden’s marks for most of his term in office, and 45% of respondents indicated they support Trump’s immigration agenda.
The survey is based on the responses of 4,306 American adults between April 16 and April 21. The poll has a margin of error of approximately two percentage points.
Of all respondents, 87% indicated that they are worried about inflation, 86% are concerned about the cost of living, 76% are worried about a possible recession and two thirds are concerned about the stock market, according to the new poll.
Moreover, 52% of respondents agreed with the idea that “Trump’s actions could make it harder for me to live comfortably when I retire,” while only 31% of respondents disagreed, according to the poll.
Trump’s promise to restore the American economy to a position of strength after years of inflation and aggressive regulation from the Biden administration was one of his major selling points on the campaign trail in 2024.
Republicans also appear to be sticking with Trump despite recent economic turmoil, with 81% of Republican respondents saying they approve of Trump’s economic agenda, according to Reuters. Comparatively, 5% of Democrats approve of his economic policies along with 28% of respondents who are not affiliated with either mainstream party.
As part of Trump’s effort to realign the global trade system, he and his administration hit China with major tariffs of 145% on imports coming from China. However, Trump indicated Tuesday that the China tariffs are likely to be reduced significantly in the near future.
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