Recent polls show a dramatic decrease in American confidence in Donald Trump to manage the economy. A new Reuters/Ipsos poll shows only 37% of Americans approve of Trump’s management on the economy. The survey, fielded April 16 through April 21, represents the deepest disapproval on his economic policies during his presidency.
The decline in economic approval is illustrative of a larger story. Trump’s overall job performance approval is now at 42%, a five-point drop from 47% near the very beginning of his presidency. This drop represents the largest swing in public support on record, underscoring the rapid shift in public opinion. His net approval rating has fallen 14 points since last November. The Pew Research Center’s recent survey highlights that only 40% of respondents approve of Trump’s handling of the presidency, further underpinning the waning support.
When looked at through the lens of party affiliation, there is a clear partisan divide in views of Trump’s economic leadership. Just 11% of Democrats support his economic approaches. An overwhelming 80% of Republicans are ‘very’ or ‘somewhat confident’ in his decision-making on economic and tax policies. This stark partisan split highlights the political peril Trump finds himself in as he seeks to lead on economic concerns that are top of mind for voters.
Further corroborating these results is the CNBC All-America Economic Survey. It’s an indication that Trump’s economic approval rating has crashed down to an historic low of 43%. This survey is a reflection of the angst identified in a recent range of other national polls. For example, 59% of Americans opposed Trump’s reckless tariffs on imported goods. This kind of disapproval speaks to the apprehensions about the economic impact of these tariffs, as well as their adverse effects on consumer prices.
While there are populations that still support the initiative, the reality is bleak for the Trump administration. A Pew survey from last November showed that 59% of respondents had a great deal or fair amount of trust in Trump’s economic decision-making. Yet, this confidence has plummeted ever since.
These latest numbers paint a picture of a pivotal time for Trump as he continues to walk a line of public perception and economic policy. His administration’s ability to address these concerns may be pivotal as he seeks to bolster support leading into future political endeavors.
Leave a Reply