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Indian Express
22-04-2025
- Business
- Indian Express
Trump's economic approval hits lowest since presidency, survey finds
US President Donald Trump is facing a significant dip in his economic approval ratings, with his performance on the economy registering the lowest numbers of his presidency. According to the latest CNBC All-America Economic Survey, broad discontent over issues like tariffs, inflation, and government spending has contributed to this decline. The surge of economic optimism that followed Trump's election in 2024 has all but disappeared, with more Americans now predicting that the economy will worsen, a stark shift from the hopeful outlook that marked earlier years. The survey revealed a sharp turn towards pessimism about the stock market as well, with many feeling uncertain about future economic prospects. Survey results and findings The survey, conducted from April 9 to 13 with a margin of error of +/- 3.1%, found that Trump's approval rating on the economy stands at 43%, while 55% of respondents disapprove. This marks the first time in any CNBC poll that Trump has had a net negative rating on the economy. For overall presidential approval, Trump stands at 44% approval versus 51% disapproval, which is slightly better than his final approval rating when he left office in 2020. While Trump's Republican base remains largely supportive of his economic policies, there has been a noticeable decline in support among key groups, including independents and blue-collar workers. The survey showed a 14-point rise in disapproval from blue-collar workers compared to their approval in his first term. A significant driver of discontent is Trump's approach to tariffs and inflation. The survey found that 49% of Americans disapprove of across-the-board tariffs, with majorities believing they are detrimental to American workers, inflation, and the economy overall. Democrats have overwhelmingly rejected the tariffs by an 83-point margin, and even independents are critical of the policy, showing a 26-point disapproval. Public perception of trade partners While tariffs have fueled negative opinions, there is greater optimism regarding trade relations with several countries. For example, Canada, Mexico, the European Union, and Japan are viewed more favorably than during Trump's first term. However, China continues to be seen as an economic threat, with 44% of Americans holding this view, a sharp contrast from earlier polls. Trump's worst ratings came on his handling of inflation, with public disapproval reaching 60%. Notably, inflation concerns have driven 57% of the public to believe that the country is either already in a recession or will be soon. On a more positive note, Trump's handling of immigration, particularly on the southern border, continues to resonate with a segment of the public. His policies on border control and deportations received approval from a slim majority, with 53% supporting his handling of the southern border. The economic sentiment extends to the stock market, where Americans' optimism has sharply declined. The survey found that 53% of respondents believe it's a bad time to invest, marking a drastic turn from previous months when optimism was high.
Yahoo
21-04-2025
- Business
- Yahoo
Trump's economic approval ratings have never been worse
A new CNBC (CMCSA) poll points to trouble for President Donald Trump. The president is registering the worst economic approval numbers of his political career as the public digests his handling of economic policy and his on-again, off-again tariff regimen. The CNBC All-America Economic Survey found that the economic optimism that ushered in Trump's inauguration has disappeared. More Americans now believe the economy will get worse than at any moment since 2023, accompanied by deepening pessimism about the stock market, which has seen sharp sell-offs and volatility around Trump's tariffs. The poll, which surveyed 1,000 Americans, resulted in numbers only slightly better than CNBC's final polling when Trump first left office in 2020. Current opinions about Trump and the Presidency: 44% approve of Trump's handling of the presidency 51% disapprove Current opinions on the economy: 43% approval 55% disapproval 49% of the public believe the economy will get worse over the next year 76% of Republicans see the economy improving. 83% of Democrats and 54% of independents see the economy getting worse This is the first time Trump has been underwater on the economy in a CNBC poll. Trump's Republican base remains unified, but Democrats, at -90 net economic approval, are 30 points more negative than their average during his first term, and independents are 23 points more negative. Blue-collar workers, a key part of the president'sbase, remain in Trump's corner on handling of the economy, but their disapproval numbers are higher by 14 points compared with their average for his first term. The poll was conducted April 9 through April 13 and has a margin of error of plus or minus 3.1 percentage points. For the latest news, Facebook, Twitter and Instagram.
Time of India
21-04-2025
- Business
- Time of India
Donald Trump's economic approval tanks to record low as tariff fallout hits home, majority of Americans say he's failing the economy
US President Donald Trump's economic approval has plummeted to a record low of 43%, with 55% disapproval, signaling growing voter frustration. A recent CNBC poll highlights concerns over Trump's handling of inflation, with many fearing a recession. Business leaders express worry about the uncertainty created by Trump's tariff policies, predicting a potential economic slowdown. Tired of too many ads? Remove Ads Donald Trump's Economic Approval Hits Record Low Tired of too many ads? Remove Ads The Fallout of Trump's Tariff Policies FAQs Over the last few months, a lot of Americans have found themselves struggling with the effects of US president Donald Trump's economic agenda, particularly his hardline tariff actions. Trump's initial pledge of cheaper prices, tax breaks, and an economic boom earlier won people optimism in his election campaign. Now, however, with increasing inflation, market turbulence, and more uncertainty, his pledges seem to be failing and American's are loosing confidence in him, as per a a recently conducted, CNBC All-America Economic Survey , Trump's approval rating on his management of the economy has dropped to an all-time low, reaching only 43% approval and 55% disapproval, reported Fortune. For the first time during his presidency, his economic approval dipped into negative territory, indicating growing frustration among voters who had earlier backed his economic growth vision, as per the CNBC poll also revealed Trump's worst numbers come on his handling of inflation, with 57% of Americans saying they believe "we will soon be" or "are already in", a recession, as per Fortune.A partner with the Democratic polling firm Hart Associates, Jay Campbell told CNBC, 'Donald Trump was reelected specifically to improve the economy, and so far, people are not liking what they're seeing,' quoted other recent surveys show a similar data. In a Gallup poll, more than half of Americans expressed lack of trust in Trump to handle the economy, with 44% responding that they have "almost none" and 11% that they have only "a little" confidence, according to the report. Trump's general approval rating is also behind the normal first-quarter ratings for presidents at 45%, far beneath the historical mean of 60% for for all presidents elected from 1952 to 2020, in their initial quarter, as per the past few months, Trump has slapped tariffs on a vast array of goods, including ones from Canada, Mexico, China, and sectors such as aluminum and steel, according to the report. He's even threatened additional tariffs against the European Union, chips, autos, and pharmaceuticals, as per Fortune. But these actions haven't been uncertain, some tariffs have been suspended, while others keep changing. This unstable approach has created turmoil in markets and left everyone wondering what's uncertainty surrounding Trump's tariff policies has worried business leaders. A recent CEOs' survey showed that 62% are predicting a possible recession or economic slowdown in the next six months, reported and CEO of St. Claire HealthCare in Kentucky, Donald H. Lloyd II said, 'This uncertainty needs to stop. I support tariffs but believe they need to be applied strategically, not globally,' quoted the founder of Bridgewater Associates, Ray Dalio pointed out that, 'Right now, we are at a decision-making point and very close to a recession. I'm worried about something worse than a recession if this isn't handled well. We have something that's much more profound, we have a breaking down of the monetary order,' quoted create uncertainty, which can affect business plans, pricing, and growth his economic approval rating recently hit a record low of 43%, with 55% disapproving of his handling of the economy, reported Fortune.
Miami Herald
17-04-2025
- Business
- Miami Herald
Will the economy get worse? New poll finds huge shift in opinion since last fall
A growing share of Americans believe the U.S. economy faces a rocky road ahead, according to new polling. In the latest CNBC All-America Economic Survey, nearly half of respondents, 49%, said they think the economy will get worse. This is up from 33% in December and 17% in October, marking a dramatic increase in pessimism in just six months. 'The 49% that think the economy will get worse is the highest since 2023,' CNBC's senior economics reporter Steve Liesman said when summarizing the findings on air. Meanwhile, 37% said they believe the economy will get better, which is down from 46% in December, but the same level as in October. At the same time, a majority of respondents, 55%, said they disapprove of President Donald Trump's handling of the economy, while 43% said they approve. 'It is the lowest economic approval in any CNBC poll while President Trump has been in office, and his first net negative showing on the economy' Liesman said. Further, Trump's approval on specific economic issues is underwater, with a net approval rating of -23 on inflation and the cost of living and a -16 rating on tariffs. On these issues, he garnered net negative ratings with Democrats and independents, and net positive ratings with Republicans. Trump's overall job approval is also underwater, with 51% of respondents expressing disapproval and 44% expressing approval. The poll sampled 1,000 U.S. adults April 9-13 and has a margin of error of 3.1 percentage points. It comes more than two weeks after Trump issued sweeping tariffs on most of the globe — some of which he has walked back. On April 2, the president unveiled his 'Liberation Day' tariffs, which included a 10% baseline rate on all foreign imports as well as higher 'reciprocal' rates for dozens of countries. Then, on April 9, he announced a 90-day pause on the higher 'reciprocal' rates, while also increasing the rate on China to 125%. In explaining his decision, he said 'more than 75 countries' had reached out to negotiate trade deals. And on April 11, the Trump administration said it would exempt tariffs on imported electronics, many of which are sourced from China, according to the Associated Press. These moves have sent shockwaves through global markets, which have fallen and risen dramatically in the wake of the president's policy changes.
