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Newsweek
01-08-2025
- Business
- Newsweek
Parents' Approval of Trump Drops Sharply As Overall Numbers Hit New Low
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump has faced a steep drop in approval from a key voting bloc—parents—as his overall approval rating has continued to fall to the lowest point of his second term. According to a new Zogby Strategies poll, Trump's support among parents has swiftly declined in recent months. In May, 64 percent of parents said they approved of Trump's job performance. That number fell to 62 percent in June and dropped sharply to just 50 percent in July—marking a 14-point total decline in two months. Support among most other demographic groups has also declined, though by smaller margins. During the same time period, Trump's overall approval rating has slipped to an all-time low. The latest Zogby poll shows just 43 percent of voters approve of his performance, while 54 percent disapprove, marking a net approval rating of -11 points. That's down from -8 net approval in June and -1 in May. President Donald Trump listens during an event to sign an executive order restarting the Presidential Fitness Test in public schools on July 31, 2025, in Washington. President Donald Trump listens during an event to sign an executive order restarting the Presidential Fitness Test in public schools on July 31, 2025, in Washington. Jacquelyn Martin/AP Economic Strain, Child Care Cuts Fuel Discontent The downturn in support from parents comes as families are dealing with economic pressures—not just from inflation and slowing job growth, but also federal cuts to family services. In May, Trump proposed slashing $163 billion in federal spending. That includes cutting 60 percent of the Office of Head Start's staff since April, closing half its regional offices and delaying essential funding for payroll and rent. According to the ACLU, those cuts have caused temporary program closures and widespread uncertainty for working families who rely on Head Start for affordable child care and early education. Head Start is a federally funded program in the United States that provides early childhood education, health, nutrition, and family support services to low-income children and their families. Meanwhile, the U.S. economy continues to see economic warning signs. Inflation rose to 2.7 percent in June, and job growth slowed sharply in July, with just 73,000 new jobs added—down from 147,000 the previous month, according to the U.S. Bureau of Labor Statistics. The unemployment rate edged up to 4.2 percent, though it remains near historic lows. Amid the shift in economic indicators and Trump's tariff policies, the public's confidence in the president's handling of the economy and inflation is slipping. Polls have shown a steady decline in approval ratings on the issue, with more Americans saying their financial situation has worsened during his second term. In July, a YouGov/Economist poll showed that only 15 percent of respondents said they were better off than a year ago, compared to 36 percent who said they were worse off and 44 percent who said things were about the same. A month prior, those numbers were 16 percent, 34 percent, and 48 percent, respectively. Other Polls Echo Decline—but Some Show Modest Gains Like the Zogby poll, other polls have also shown Trump's approval rating sliding to lows. The latest Reuters/Ipsos poll showed that Trump's approval rating had dropped to 40 percent, with 56 percent disapproving, giving him a net approval rating of -16 points. The latest YouGov/Economist poll also showed Trump's approval rating at its lowest level yet, with 40 percent approving and 55 percent disapproving. William Hall, a political science professor, told Newsweek the decline reflects that "the honeymoon is either ending or over," and voters are taking "a more realistic view" of Trump's presidency. But other polls show slight improvements: Morning Consult has Trump at 47 percent approval, with net approval rising to -3 from -7. Newsweek's poll tracker shows a similar uptick, with his net approval at -7 (45 percent approve, 52 percent disapprove), up from -10 last week.


Axios
17-04-2025
- Business
- Axios
A path forward for reigniting American manufacturing
Tariffs are driving buyers of custom manufacturing services to quickly rewire their supply chains, including looking toward American suppliers to create their products. Okay, but: At the same time, the country's small- and mid-size manufacturers are looking to capitalize on this moment and grow their customer base here and abroad. Why it's important: As a result, the U.S. may well be on the verge of a manufacturing renaissance — but it will take time, and technology will play a crucial part for buyers and suppliers alike. First things first: America is home to more than 500,000 small- and mid-size manufacturers — who specialize in everything from CNC machining and injection molding to sheet-metal fabrication, 3D printing and more. They are deeply ingrained in the fabric of their communities and their work is a significant driver of the country's GDP. Buyers over the last few years have accelerated their reshoring efforts, moves that were sparked by COVID, buoyed by federal legislation such as the Infrastructure Investment and Jobs Act, the CHIPS and Science Act and now the global trade environment. How it's done: Xometry, the digital marketplace for custom manufacturing, has tracked the reshoring trend for more than two years through its quarterly "American Manufacturing Resurgence" polls with Zogby Strategies. In Q1, nearly half (42%) of manufacturing CEOs say they have already successfully reshored facilities, while another 19% say they are planning to do so as a result of the tariffs. What's next: America's manufacturers can meet this moment, says Randy Altschuler, Xometry's CEO. "We help more than 68,000 buyers of custom-manufacturing services navigate the complex and rapidly changing terrain of tariffs by matching them with the more than 4,375 suppliers on our AI-driven marketplace," Altschuler said. "Our platform gives buyers of custom manufacturing the ability to grow their production needs with us and strengthen their supply chains at times like this when it matters most." "Through our marketplace, buyers get instant pricing and lead time information as well as critical access to America's extensive manufacturing capacity, enabling them to remain agile, flexible and resilient in a rapidly changing world," explains Altschuler. It's a model that also benefits manufacturers. The impact: In the last 5 years (Jan. 1, 2020 - March 31, 2025), the Xometry Marketplace has generated $1 billion in revenue for America's manufacturers, a point of pride for Altschuler and everyone at the publicly traded company (NASDAQ: XMTR). As reshoring accelerates, buyers and suppliers of manufacturing are rapidly investing in new technologies and talent to meet this moment. Xometry's recent poll found that: 70% of manufacturing CEOs are embracing emerging technologies like AI to achieve efficiencies in planning and in operations, followed closely by automation. Of those companies that have invested in AI, most have seen a significant ROI, and nearly two-third (63%) believe AI and other technologies will be "transformational" for their operations. In addition to technology, manufacturing CEOs are investing in talent as America's industrial core becomes more high-tech. The bottom line: "One of the reasons I co-founded Xometry was to champion America manufacturing — the backbone of our global economy. Today, manufacturing is increasingly synonymous with high-tech innovation, and Xometry is playing a pivotal role in re-engineering supply chain ecosystems everywhere."