Trump's economic approval rating falls to record low in new poll

A recent poll conducted by CNBC indicates that President Donald Trump's approval rating regarding his economic management has fallen to a record low. Specifically, only 43% of Americans approve of his handling of the economy, while 55% disapprove, marking the first time Trump has received a net negative score in this area. This survey was conducted between April 9 and April 13, with a margin of error of +/- 3.1%.

Economic concerns remain at the forefront for American voters, as reflected in a Gallup poll that identified economic pressures as the predominant reason behind their support for Trump in the upcoming November 2024 election. Although he campaigned on a promise to reduce inflation, public confidence in his economic policies has drastically fluctuated. Recent YouGov research for CBS News highlights a growing disapproval, suggesting more individuals now condemn Trump’s financial management than support it.

The introduction and subsequent pause of tariffs on international trading partners have created volatility within the markets, leaving many Americans apprehensive about potential economic implications. Furthermore, 49% of the respondents in the CNBC poll believe that the economy will decline over the next year, illustrating the highest level of pessimism since 2023. Accompanying data from a CBS News poll found that 44% approved of Trump's economic strategies, while 56% expressed disapproval.

Experts in political analysis have voiced concerns over Trump's handling of tariffs and their negative impact on his public image. Jay Campbell, a Democratic pollster at Hart Associates, emphasized that voters expected improvements in the economy from Trump, indicating dissatisfaction with his current performance. Thomas Gift, a political science professor at University College London, noted that the disarray surrounding the tariff policies and erratic decision-making could alienate potential supporters.

Despite the disappointing poll results, Trump presented a contrasting narrative on social media, claiming to have achieved his "best poll numbers ever" without providing any specific data to substantiate this assertion. The ongoing fluctuation in public opinion concerning economic policies could significantly affect the Republican Party's prospects in the upcoming midterm elections scheduled for November 2026.