Americans aren’t happy with President Donald Trump's strategies for the economy Almost two months after he took office, several new surveys published on Wednesday show.
Fifty-six percent of Americans have an unfavorable view. Trump’s handling of the economy as stated in a recent report CNN/Ipsos A survey shows him at a lower standing than any point in his initial term. According to the poll, 42 percent of voters consider the economy as their top concern.
In the meantime, 70 percent of Americans think his tariffs will increase the cost of living, and over half believe this trend will continue. The president is too "unpredictable" when it comes to his trade policies. , a new Reuters/Ipsos poll.
An Economist/ YouGov poll discovered that President Trump’s approval rating among Hispanic U.S. citizens stands at 34 percent, which is the lowest during his presidency to date, compared to a 56 percent disapproval rate. Additionally, only 28 percent of respondents think the nation is "mostly going in the correct direction."
Economists have has long been cautioned that American consumers will shoulder the main burden of Trump's taxes on Canada, Mexico, China, and others have led U.S. firms to increase their pricing for customers to offset the costs of the duties they incur on imported items.
The Reuters/Ipsos survey revealed that most Americans believe Trump should concentrate more on tackling the continually increasing costs.
Concerns about an economic downturn are increasing following Dow Jones Industrial Average dropped nearly 900 points when the market closed on Monday and Commerce Secretary Howard Lutnick argued that Trump’s economic strategies will pay off. Even if they trigger a downturn. J.P. Morgan has raised its predicted likelihood of a recession occurring this year to 40 percent, an increase from the initial 30 percent estimated at the start of 2025.
Trump's general job approval rating is also suffering, as shown by the CNN/Ipsos poll which indicates that 54 percent of Americans disapprove of his performance. According to the survey, only 35 percent of Americans feel that things are going well for their nation.
According to the CNN/Ipsos poll, fewer than 50% of Americans support Trump's healthcare strategies, his handling of international matters, and his tariff decisions.
According to the CNN/Ipsos survey, slightly more than half—51 percent—of respondents support President Trump’s approach to immigration. This approval rating is seven percentage points higher than his highest recorded level during his first term as president.
Elon Musk is also grappling with a poor approval rating as he heads the Department of Government Efficiency. According to the CNN/Ipsos poll, only 35 percent of Americans hold a favorable view of Musk, whereas 53 percent perceive him unfavorably, and 11 percent remain undecided.
Approximately 60 percent of Americans believe that Musk lacks the necessary experience and sound judgement to execute the significant layoffs and budget reductions happening at DOGE. Additionally, 62 percent of Americans worry that the governmental cutbacks might be excessive and adversely affect crucial services.
This week by itself has witnessed significant reductions in federal initiatives, with NASA is initiating layoffs that might affect several hundred employees. and the The Department of Education planning to reduce almost half of its workforce. . DOGE also instructed the Department of Housing and Urban Development to put aside a $1 billion initiative aimed at maintaining affordable housing.
The Independent reached out to the White House for their input.
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