
Tariff troubles: Voters say Donald Trump's gone too far on trade as approval rating takes a serious hit
A Rocky Return to Office
Economic Challenges Sparks Public Frustration
Poll Numbers Show Deepening Disapproval of Donald Trump
Live Events
Tariffs Emerge as Major Pain Point
FAQs
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
After months of economic chaos in the United States , triggered by steep tariffs, trade wars, and rising prices, more and more Americans are showing resistance against US president Donald Trump as his approval rating is slipping fast, especially when it comes to the economy, according to a report.Trump's return to office has been rocky, since March, approval for his job performance has steadily dropped, reported Yahoo News. In March, 50% of Americans disapproved of the job he was doing, compared to 44% who approved, as per Yahoo News/YouGov poll. By April, that gap widened to 11 points. Now, in late May, only 41% of Americans approve of how Trump is handling his role, while 54% disapprove, as per Yahoo News. It's one of the lowest ratings he's seen since the end of his first term, as per the report.ALSO READ: Is Tesla's robotaxi a long-term threat to Uber's business model? Wedbush Securities weighs in The economic fallout appears to be a major reason. Over the past few months, Trump has made headlines with tariffs as high as 145%, sparking retaliatory moves from global allies, confusing markets, and stressing small businesses, and for Americans, it's meant rising prices on the things they buy, according to Yahoo News.Those frustrations are showing up clearly in the numbers as Trump is now 19 points underwater on the economy overall, just 37% approve of how he's handling it, while 56% disapprove, as per the poll. On trade and tariffs specifically, only 35% approve, while 57% disapprove, a 22-point gap, reported Yahoo News. On the cost of living aspect, just 32% approve of how Trump is managing it, while 59% disapprove, putting him 27 points underwater on what matters most to many households, according to the report.To compare, back in mid-2020, during the height of the COVID-19 crisis, Trump's economic approval averaged 49%, with 45% disapproving, reported Yahoo News.ALSO READ: Donald Trump's next targets for immigration crackdowns revealed—here's the list Americans are feeling the impact of his trade moves as 57% say Trump has 'gone too far' in raising tariffs on imported goods, while 51% say he's gone too far in cutting the federal workforce, 49% feel he's gone too far in arresting and deporting immigrants, as per the report. The poll also found that 45% think he has gone too far in investigating his political opponents, according to the report. While, only 4% of Americans say Trump's approach to raising tariffs has 'not gone far enough,' reported Yahoo News.That sentiment is shifting how people see the economy, in April, 35% of independents rated the economy as 'poor,' as per the poll. Now, that number has jumped to 45% and while, overall, 72% of Americans now say the economy is either 'fair' or 'poor', just 25% call it 'excellent' or 'good', reported Yahoo News.Only 41% approve of his performance, while 54% disapprove, his worst numbers since late in his first term.Yes, most of the frustration is focused on rising costs, trade policy, and the general economic outlook, as per the survey.
Hashtags

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


Mint
15 minutes ago
- Mint
Bank of Maharashtra to Crompton Greaves - Vinay Rajani of HDFC Sec suggests these 3 stocks to buy in the near-term
Stock market today: The Indian stock markets began the new week on a downbeat trend, influenced by global worries in spite of solid domestic GDP data. The benchmark indices fell as investor sentiment was affected by the renewed tariff threats from US President Donald Trump. At 12:34 IST, the Nifty 50 index was trading at 24,715 . 95, showing a drop of 35.70 points or 0.15%. Sensex was trading lower at 81,325.42, decreasing by 125.59 points or 0.15%. This pressure emerged following Trump's announcement to modify tariffs on steel and aluminum, which has rekindled fears of a trade conflict and economic pressures. Market analysts pointed out that although India's macroeconomic fundamentals are robust, as demonstrated by the strong GDP figures, the external challenges posed by the US tariff adjustments have overshadowed domestic gains. The potential for a broader impact on global trade and capital movements has led investors to exercise caution. Vinay Rajani of HDFC Securities recommends Bank of Maharashtra, Crompton Greaves Consumer Electricals Ltd, and City Union Bank Ltd. Check out his overall market views. Nifty 50 continued its consolidation for the second consecutive week with a weekly fall of 0.41%. Bank Nifty managed to outperform Nifty 50 with a gain of 0.33% and closed at an all-time high. Sectoral indices like PSU Bank, Capital market and Defense outperformed the benchmark with the weekly gain of 4.08%, 3.35% and 2.73% respectively. Indices like FMCG, tourism, and commodities underperformed by falling 2.16%, 1.90% and 1.61% respectively. The Nifty Microcap250 index rose 1.47% and managed to outperform Nifty 50 with a good margin. Nifty 50 has been protecting its level above 20 days EMA and SMA, placed 20,630 and 20,692 respectively. A level above all key moving averages indicates a bullish trend on all time frames for Nifty 50. Any level above 25,116 would confirm the bullish breakout from the consolidation. The lower band of the consolidation is placed near 24,400 levels, below which short term would turn bearish. Above 25,116, Nifty 50 could move towards immediate resistance of 25,300 odd levels, which happens to be 78.6% retracement of the entire fall seen from all time high of 26277 to recent swing low of 21743. Above 25300, We expect Nifty 50 to hit a new all-time high above 26277 and go beyond. Midcap and Microcap indices have been showing strength, which shows the strong breadth in the market. The Bank Nifty index has closed at fresh all-time highs with recent outperformance. Both PSU and Private bank stocks are looking strong on the chart and likely to take a lead in the coming sessions. Nifty Capital Market index has given a fresh breakout above its previous all-time highs. Considering the momentum and the chart setup, this index is likely to extend its gain in the coming days. Ratio Chart of Copper v/s Gold indicates that Copper should start outperforming gold from here for the medium to long term. Historically, Copper used to have a positive correlation with equity markets. Primary trend is bullish but short-term consolidation is going on in the Nifty 50. Traders should continue to hold on to the long positions with 24,462 stoploss in the Nifty 50. Any level above 25,116 will confirm the fresh bullish breakout. Above 25,116, we can expect Nifty 50 to extend the rise towards 25,300. Above 25,300 Nifty 50 could register fresh all-time highs. Vinay Rajani of HDFC Securities recommends these three stocks in the near term - Bank of Maharashtra, Crompton Greaves Consumer Electricals Ltd, and City Union Bank Ltd. Bank of Maharashtra share price surged 6% on 30 th May with big jump in volumes. Stock has been in to a primary uptrend as it has been sustaining above its key moving averages. PSU Bank index has broken out from the consolidation on the medium-term chart. Weekly MACD is now placed above signal and equilibrium line. Breakout from Symmetrical triangle pattern on the weekly chart. City Union Bank share price has been sustaining above 200 DEMA resistance. Stock price is now placed above 20, 50 and 200 days EMA. Monthly RSI has reached above 50, indicating sustainable up trend. Weekly MACD is now placed above signal and equilibrium line On week ended 16 th May 2025, Crompton Consumer share price broke out from downward sloping trend line on the weekly chart. Price rise was accompanied by a jump in volumes. Stock price has been sustaining above 50 DEMA resistance. Weekly RSI has reached above 50, indicating a sustainable up trend. Weekly MACD is now placed above signal line. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Time of India
18 minutes ago
- Time of India
India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India and the United States are keen on providing preferential market access to each other's businesses, with teams from both nations collaborating on a proposed bilateral trade agreement, Commerce Minister Piyush Goyal said on June 2. In February, Donald Trump and Narendra Modi underlined the two sides' intentions to negotiate the initial phase of a mutually advantageous multi-sector Bilateral Trade Agreement (BTA) by the fall of 2025, specifically targeting agreement aims to increase bilateral trade from the current figure of $191 billion to $500 billion by the year told reporters in Paris, during an official visit, that both nations are dedicated to collaborating and that there is a mutual desire to provide preferential access to each other's response to a question regarding Trump's announcement to raise tariffs on steel and aluminum to 50 per cent, Goyal stated that both countries will continue to work on resolving such issues through bilateral discussions."Let's wait and see; both the US and India share a positive relationship and will persist in resolving these matters through dialogue," Goyal specialists have indicated that the Trump administration's potential increase in import duties could adversely affect Indian exporters, particularly those involved in value-added steel products and auto May 30, Trump declared his plan to raise the existing 25 per cent tariffs on steel and aluminum imports, effective June 4. The initial tariffs were invoked in 2018, with a 25 per cent tariff on steel and 10 per cent on aluminum, which was later raised to 25 per cent on aluminum in February the fiscal year 2024-25, India exported iron, steel, and aluminum products worth $4.56 billion to the US, with key exports including $587.5 million in iron and steel, $3.1 billion in iron or steel articles, and $860 million in aluminum and related has also lodged a formal complaint with the World Trade Organization (WTO), asserting its right to impose retaliatory tariffs on American goods in reaction to the previous steel tariffs. This week, a delegation of US officials is visiting India to discuss the proposed interim trade agreement between the two significance of this visit is heightened by the expectation that India and the US may reach an interim trade agreement by the end of June, with India advocating for a complete exemption from the 26 per cent reciprocal tariff on domestic Agrawal, India's chief negotiator and Special Secretary in the Department of Commerce, concluded a four-day visit to Washington last month, where he engaged in discussions with his US counterpart regarding the proposed agreement. Goyal was also in Washington to further advance trade negotiations. There is a possibility that both nations might finalize an interim trade deal prior to the first phase the fourth consecutive year in 2024-25, the US maintained its status as India's largest trading partner, with bilateral trade reaching $131.84 billion. The US contributes approximately 18 per cent to India's total goods exports, 6.22 per cent to imports, and 10.73 per cent to the overall merchandise trade of the India's free trade agreement with the four-nation European bloc EFTA, Goyal clarified that the $100 billion foreign direct investment (FDI) commitment under this agreement does not account for funds entering the stock market through foreign institutional investors (FIIs)."This represents solid FDI coming into the nation... This $100 billion in FDI is accompanied by technologies... It will likely catalyze approximately $500 billion in investments," he stated. He emphasized that such investments would foster the development of a comprehensive ecosystem, leading to the establishment of hotels, infrastructure, and the utilization of power and water resources, thus significantly contributing to the economy. The implementation of this pact is advancing rapidly, with expectations for it to be operational by the year's Trade and Economic Partnership Agreement (TEPA) was signed by the two sides on March 10, 2024. Under this agreement, India has secured an investment pledge of $100 billion over 15 years from the grouping, while allowing several products, including Swiss watches, chocolates, and cut and polished diamonds, to be imported at lower or zero members of the European Free Trade Association (EFTA) include Iceland, Liechtenstein, Norway, and Switzerland. When queried about the possibility of a similar arrangement in the proposed trade pact with the 27-nation EU bloc, Goyal remarked, "The member countries are significant investors in India, so we may not pursue that avenue in our FTA with the EU."

Hindustan Times
19 minutes ago
- Hindustan Times
Bill Clinton's dig at Donald Trump over ‘my way or highway' style governance: 'Never seen…'
Former US president Bill Clinton has slammed Donald Trump's ignorance of the American legal system, saying he had never seen a leader who says, 'Whatever I want should be the law of the land". He added that most Americans 'don't agree with that". Bill Clinton was in an interview with CBS Sunday Morning, when he said Trump is acting in ways that go against American values and 'We've never seen anything like this before in my lifetime – somebody that says, 'Whatever I want should be the law of the land. It's my way or the highway.' he added. The ex-President then discussed Donald Trump's behaviour, which includes 'calling people names' and using forceful tactics. He said, 'I like to think that he's paid a price for this, you know, name-calling and throwing his weight around. I think it's made him less popular,' Clinton said. Clinton believes that while Trump can lead however he wants, the courts and elections will decide if his actions are acceptable. 'Only elections are going to change this,' he said. 'He (Trump) is looking for ways to basically defy all these court orders. But I think he'll have a hard time doing that. And if he does, I think it will hurt him in America,' Bill Clinton said. The former President added that the courts, including judges appointed by Trump himself, are pushing back. 'I do think the courts are getting their dander up,' he added. He then went on to criticise the republican President's attempts to block law firms from representing clients in federal buildings because of political disagreements. 'That ain't America. We've never done that,' Clinton said. 'The whole purpose of having a legal system is to have both sides be heard.' Clinton also urged Americans to work together and avoid division. 'Someone needs to stand up and say, 'Damn it, what we have in common matters more. We cannot destroy other people's trust in us. We need to preserve that and find a way to work together,' he said. 'We gotta just calm down and try to pull people together again,' CBS quoted former US President as saying. When asked about a recent book that questions Joe Biden's mental abilities, Clinton dismissed the claims. He said he had never seen Biden struggle. 'I thought he was a good president… I had never seen him and walked away thinking, He can't do this anymore. He was always on top of his briefs.' Clinton said he hadn't read the book, explaining, 'I didn't want to. 'Cause he's not president anymore, and I think he did a good job.' He also warned that some people might be using the book to blame Biden for Trump's return.