
Trump approval rating sinks to 40%, the lowest of his term
Listen to article
US President Donald Trump's approval rating dropped one percentage point to 40%, the lowest level of his second term in office, as Americans remained concerned about his handling of the economy and immigration, a Reuters/Ipsos poll found.
The three-day poll, which closed on Monday, surveyed 1,023 US adults nationwide and had a margin of error of 3 percentage points. It showed a nation deeply polarized over Trump, with 83% of Republicans and just 3% of Democrats approving of his performance. About one-third of independents approved.
Trump had a 41% approval rating in Reuters/Ipsos' most recent prior poll, conducted on July 15 and 16.
The Republican campaigned on promises to supercharge the US economy and crack down on immigration, and the poll found that Americans gave him mixed marks on both those areas, where his administration is using aggressive tactics.
Some 38% of respondents approved of Trump's handling of the economy, up from 35% approval in the mid-July poll. His numbers were also up slightly on immigration, with 43% of respondents approving, compared with 41% in the earlier poll.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
an hour ago
- Business Recorder
Trump says will ‘substantially' raise tariffs on goods from India over Russian oil purchases
WASHINGTON: US President Donald Trump said on Monday he will substantially raise tariffs on goods from India over its purchases of Russian oil. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine,' Trump said in a post on Truth Social. 'Because of this, I will be substantially raising the Tariff paid by India to the USA.' He did not elaborate on what the tariff would be. Indian state refiners pause Russian oil purchases, sources say India's trade ministry did not immediately respond to a request for comment. Trump last week said he would impose a 25% tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty but gave no details. Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite Trump's threats. The sources did not wish to be identified due to the sensitivity of the matter.


Business Recorder
an hour ago
- Business Recorder
India's biggest refiner buys US, Middle East crude as Trump slams Russia purchases
SINGAPORE/NEW DELHI: Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil. India is the biggest buyer of seaborne crude from Russia, which is under Western-led sanctions over its war in Ukraine. Its main refiners paused buying Russian oil last week as discounts to other suppliers narrowed after Trump threatened hefty tariffs on imports from countries that make any such purchases, Reuters reported last week. Indian government officials denied any policy change. On Monday, Trump said on Truth Social he would substantially raise the import levy on Indian goods, accusing the country of not only buying massive amounts of Russian oil but 'they are then, for much of the Oil purchased, selling it on the Open Market for big profits'. India imported about 1.75 million barrels per day of Russian oil from January to June this year, up 1% from a year ago, according to data provided to Reuters by trade sources. IOC, India's largest refiner, bought crude via a tender from the United States, Canada and the Middle East for September arrival, the trade sources said on Monday. They declined to be named because they were not authorised to speak to the media. Trump: will 'substantially' raise tariffs on goods from India over Russian oil purchases The refiner bought 4.5 million barrels of U.S. crude, 500,000 barrels of Western Canadian Select (WCS) and two million barrels of Das oil produced in Abu Dhabi, the sources said. The higher-than-normal purchases are partly to replace Russian barrels, two of the sources said. Indian state refiners - IOC, Hindustan Petroleum Corp , Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - had not sought Russian crude in the past week or so, Reuters reported last week. Indian companies do not comment on oil purchases. In IOC's tender that closed on Friday, P66 and Equinor will each ship 1 million barrels of U.S. West Texas Intermediate Midland crude while Mercuria will ship 2 million barrels of the same grade, the sources said. Vitol will deliver 1 million barrels of WTI Midland and WCS, they added. Trafigura will deliver 2 million barrels of Das. Prices for the deals were not immediately available. U.S. criticism of India's oil purchases from Russia sharpened after New Delhi and Washington failed to reach an agreement on a trade deal, prompting the Trump administration to levy a 25% import tariff on Indian goods.


Business Recorder
an hour ago
- Business Recorder
Wall Street springs higher after Friday's tumultuous selloff
Wall Street's main indexes rose on Monday, clawing back losses from the previous session's tumble as hopes for deeper Federal Reserve rate cuts surged in the wake of an unexpectedly weak jobs report. At 9:33 a.m. the Dow Jones Industrial Average rose 301.22 points, or 0.69%, to 43,889.80, the S&P 500 gained 48.91 points, or 0.78%, to 6,286.21 and the Nasdaq Composite was up 205.12 points, or 0.99%, at 20,855.25. A dismal U.S. jobs report hammered the S&P 500 on Friday, sending the index to its steepest intraday drop in more than two months, while downward revisions for May and June also compounded the blow. The bleak data did not just trigger the market selloff but also forced a dramatic rethink of the Fed's rate trajectory. Traders, who had been leaning toward another pause in September, are now seeing an 85% chance of a rate cut, as signs of a weakening labor market pile up. By the end of the year, markets expect at least two quarter-point cuts - a prospect that ultimately helped steady Wall Street. The CBOE Volatility Index, Wall Street's so-called fear gauge, fell to 18.45 points, after surging to an over one-month high during Friday's rout. Wall St selloff sparked by Trump tariffs, Amazon results, weak payrolls Investors also weighed Fed Governor Adriana Kugler's unexpected resignation that could open the door for President Donald Trump to put his stamp on the central bank's leadership sooner than expected. Trump, a vocal critic of the Fed's policy, has repeatedly threatened to oust Chair Jerome Powell. 'If we get to a point where Jerome Powell was pushed out earlier than he's expected to go anywhere, that is going to unsettle markets, and that is possibly the pill that they won't swallow,' said Danni Hewson, head of financial analysis at AJ Bell. Meanwhile, Tesla rose 2.6% after granting CEO Elon Musk 96 million shares worth about $29 billion. All S&P 500 sub-sectors were trading in the green, with technology surging 1.1%, emerging as the top performer. Lyft gained 2.9% after partnering with China's Baidu to deploy robotaxis across Europe starting next year. U.S. factory orders data for June is due at 10:00 a.m. ET. Tuesday's business activity report and Thursday's jobless claims figures are the only other key economic indicators in this data-light week. After a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly, and Disney, will report this week. Of the 330 S&P 500 companies that have reported earnings as of Friday, 80.6% have surpassed analyst expectations, the highest beat rate since the third quarter of 2023, according to data compiled by LSEG I/B/E/S. Among early movers, Joby Aviation rose 17.5% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 25.4%. Spotify gained 7.6% as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from September. Advancing issues outnumbered decliners by a 3.77-to-1 ratio on the NYSE and by a 3.02-to-1 ratio on the Nasdaq. The S&P 500 posted five new 52-week highs and no new lows, while the Nasdaq Composite recorded 29 new highs and 26 new lows.