Credited from: SCMP
As President Donald Trump approaches his 100th day in office, a recent Reuters/Ipsos poll reveals that only 37% of Americans approve of his handling of the economy, marking a significant decline from the initial approval rating of 42% on the day of his inauguration. Financial analysts report that Trump’s economic agenda, which has included aggressive tariff policies aimed at major trading partners, has led to widespread dissatisfaction among the populace, with concerns mounting over the possibility of an impending recession. According to SCMP, Reuters, and HuffPost.
In this latest survey, three-quarters of respondents expressed concerns about a possible recession, indicating widespread anxiety about the economic trajectory under Trump's leadership. The financial market's reaction to his policies has been notably negative, with two-thirds of respondents reporting worries over stock market performance, specifically citing Trump's tariff hikes as a primary concern. Reports indicate that consumer prices are rising, with a noted 2.5% increase in inflation year-over-year, significantly surpassing the Federal Reserve's 2% target, as highlighted by both SCMP and Reuters.
Economic experts, such as James Pethokoukis from the American Enterprise Institute, have voiced concerns that Trump's policies can lead to negative long-term economic repercussions. "You have a president who promised a golden age," Pethokoukis stated, stressing that economic variables have not aligned with Trump’s promises, according to Reuters and HuffPost.
Despite these disapprovals, Trump's overall approval rating stands at 42%, bolstered by strong support from his party, where around 81% of self-identified Republicans approve of his economic management. This contrasting sentiment highlights a divide in perceptions regarding his presidency overall. Many Americans, around 48%Reuters, SCMP, and HuffPost.
The poll's results also reveal that a significant portion of Americans, nearly 75% of respondents, voice concerns about the Social Security system's reliability amidst broader anxieties regarding the economy's future trajectory under Trump's administration. This reflects the critical public sentiment around fiscal responsibility and economic sustainability, aligning with findings from multiple sources including Reuters, SCMP, and HuffPost.