PRESIDENT TRUMP'S JOB APPROVAL RATING has dropped from its highs amid the burgeoning trade war with China and economic uncertainty over his global tariffs.
Trump had enjoyed a honeymoon period in his second term, with his job approval rating hovering near the highest it's ever been.
However, the market chaos provoked by Trump’s tariffs are quickly dragging him down.
The latest Economist/YouGov survey finds Trump’s job approval dropping 5 points over the past week into sharply negative territory, with 43 percent approving and 51 percent disapproving. That’s a net decline of 14 points since Trump was inaugurated for a second time.
The RealClearPolitics average of polls finds the same, with Trump’s job approval off its highs and turning negative over the past few weeks.
The economy was once Trump’s strongest issue, but the Economist/YouGov survey finds a majority disapproving of his handling of the economy, with 51 percent disapproving and 41 approving. Trump’s approval rating on the economy was never this low during his first term in office.
Those figures come amid a raft of troubling economic data.
The University of Michigan’s latest survey finds consumer sentiment plunging 11 points from March to April amid deepening concerns about inflation.
A CNBC survey finds 73 percent of Americans describe themselves as “financially stressed.”
A bond market sell-off has pushed 30-year Treasury yields to rise at the fastest pace in years, as gold prices spike and the dollar loses value against other world currencies.
“Our secretary of Treasury Scott Bessent is keeping a very close eye on the bond market,” White House press secretary Karoline Leavitt said.
BlackRock CEO Larry Fink said Friday that the U.S. is “very close, if not in, a recession now.”
“I think you’re going to see, across the board, just a slowdown until there’s more certainty. And we now have a 90-day pause on the reciprocal tariffs — that means longer, more elevated uncertainty,” Fink said on CNBC.
