President Donald Trump is facing negative economic approval numbers as more Americans are discontent with his handling of tariffs, inflation, and government spending, according to a recent CNBC All-America Economic Survey. The boost in economic optimism that accompanied Trump’s reelection has disappeared, with more people now believing the economy will get worse. Trump’s approval rating on the economy is at its lowest point during his presidency, with 43% approval and 55% disapproval.
While Trump’s Republican base remains supportive, Democrats and independents are significantly more negative about his economic policies. The public’s discontent is driven by negative partisan reactions and concerns about what will happen next. Tariffs are a big factor in the public’s disapproval, with large majorities of Americans seeing them as bad for the economy. Additionally, Trump’s handling of inflation, federal government spending, and foreign policy are also met with disapproval.
However, Trump’s best numbers come on immigration, where his handling of the Southern border and deportation of illegal immigrants are approved by slight majorities. Despite Trump’s economic struggles, there has been no significant shift in congressional preference towards Democrats. Overall, Americans have turned more negative on the stock market, with a majority saying it’s a bad time to invest.
The survey was conducted in April and showed that the public has a more pessimistic view of the economy than before, with many believing a recession is imminent. Trump’s economic policies have not convinced the majority of people, with only his base showing strong support.
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