Trump's Economic Policies: A Disappointment for Many Americans
Majority of Americans perceive economic decline after nearly a hundred days of Trump's presidency according to polls.
As President Trump enters his second year in office, recent polls hint at a cooling enthusiasm towards his economic initiatives.
Several recent polls display a dip in Trump's economic approval ratings.
Trade policies have been a major concern, sparking anxieties about a potential economic downturn.
Economic management was a significant factor in Trump's re-election bid last year. However, a mere 100 days into his second term, voters seem disenchanted. Instead of the anticipated economic surge, they're expressing apprehension and dissatisfaction over inflation and tariffs.
Dim Light for Trump
In the latest poll by the Washington Post-Ipsos, conducted from April 18 to 22, Trump's economic approval rating stood at 39 percent, while 61 percent of adults disapproved of his performance in this area. A striking observation: Only 21 percent of respondents felt the economy improved under Trump, while 53 percent noted a deterioration since his re-inauguration.
Trump's handling of tariffs received criticism from 64 percent of adults, and the majority (67 percent to 31 percent) disapproved of his approach to the recent volatility in the stock market.
Rising Inflation Concerns
In a more recent CBS News/YouGov poll, conducted from April 23 to 25, a majority (58 percent) were dissatisfied with Trump's economic policies. In the inflation matter, a whopping 62 percent of adults disapproved of his management.
In the New York Times and Siena College poll conducted late April, 50 percent of registered voters reported that Trump had hurt the economy, while only 21 percent felt otherwise.
The Trade Policy Quandary
Democrats have criticized Trump's trade policy, accusing him of wielding excessive power to set tariffs without congressional approval. Trump has also faced resistance from Republicans on tariffs, with seven senators siding with Democrats on related legislation.
Trump imposed comprehensive tariffs on countries worldwide earlier this month, only to grant a 90-day reprieve for many of them later on. Despite this, Trump's 10 percent basic tariff remains in effect for most countries, and high tariffs on Chinese goods persist.
供 commodity researchers speaking with our website have forecasted potential higher prices if Trump's aggressive trade policies continue.
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In the broader sense:- Overall support for Trump's economic management has waned, with only 45% of Americans expressing confidence (marking a notable drop from 59% in November 2024 and even lower than during his first term)[1].- Partisan divisions: + Republicans: 12-point drop in economic confidence since November 2024[1]. + Democrats: 16-point decline over the same period[1].- Trump's economic confidence lags behind Biden's early 2021 peak (56%), but remains higher than Biden's lowest ratings (36% in late 2023)[1].- Increasing criticism over Trump's emphasis on tariffs, with more Americans believing the administration is focusing too much on this issue[2].- Fewer Americans believe Trump has a clear plan for tariffs and trade compared to earlier in his term[2].- Two-thirds of those who feel financially worse off under Trump's policies claim he isn't delivering on his campaign promises[2].- Trump's approval ratings on inflation have reached their lowest levels since taking office[2].- Declining approval correlates with public perceptions that his policies are driving higher prices[2].- Most Americans still view the economy as getting worse, although MAGA Republicans report improving conditions[2].- More Americans say Trump’s policies are making them financially worse off than better off[2].- This contrasts with pre-term optimism, when more expected his policies to improve their finances[2].
These trends suggest weakening approval as Trump’s policies increasingly divide partisans and fall short of initial expectations.
- As Trump's second year in office progresses, there is growing disapproval among Americans regarding his economic policies, especially his tariff policies and management of inflation.
- The Washington Post-Ipsos poll revealed that only 39% of adults approved of Trump's economic performance, while 61% disapproved.
- The latest CBS News/YouGov poll indicated that 58% of adults were dissatisfied with Trump's economic policies, and a significant 62% disapproved of his inflation management.
- Trump's trade policies, which include imposing tariffs on various countries, have been met with criticism from both Democrats and some Republicans, who argue that he has excessively wielded the power to set tariffs without congressional approval.
