Trump’s Net Approval Rating On The Economy Hits All-Time Low Of -22
President Donald Trump continues to log low marks on the economy just four months before the midterm election, when Americans are expected to vote with their financial situations top of mind.
Trump had a 40% approval rating and 59% disapproval rating, a one-point decline in his net approval rating from April, and a 38%/60% approval/disapproval rating on the economy, for a net approval rating of -22, his worst marks on the economy of his political career in CNBC polling (the latest survey of 1,000 voters was conducted July 8-12 and has a margin of error of 3.1).
The survey found 61% said they are pessimistic about the state of the economy and outlook for the future, the highest percentage since December 2023.
Trump’s 37% approval rating and 61% disapproval rating is the same as it was in April, according to a Washington Post/Ipsos poll released Thursday, with approval ratings on the economy, immigration and the war with Iran all below 40% (the survey of 2,648 U.S. adults was taken July 8-13 and has a margin of error of 1.9).
Less than half, 48%, of Americans say the economy will improve in the next year, and 43% said they are worse off financially than they were when former President Joe Biden was in office.
The latest Associated Press-NORC poll found Trump had a 37% approval rating, consistent with May, while his 34% approval rating of his handling of the Iran war was also unchanged from last month (the latest poll of 3,040 U.S. adults was conducted June 11-17 and has a margin of error of 2.8).
More than half, 53%, of respondents said U.S. military action against Iran has gone too far, a six-point decrease from March, shortly after the U.S. launched attacks against Iran on Feb. 28.
The survey was taken as Iran and the U.S. reached a tentative agreement to end the war, which has brought some immediate economic relief, including a drop in gas prices, though questions remain about whether Trump will ultimately achieve any of his stated objectives for attacking Iran in the first place—namely curbing its nuclear program.
Trump’s approval rating ticked up one point, to 36%, in a Reuters/Ipsos poll taken June 12-15 compared to the groups’ previous poll taken June 3-8, as his approval was boosted on his handling of cost of living from 20% in the poll released May 18, to 24% in the latest survey (the poll of 1,537 U.S. adults has a margin of error of 3).
Trump had a 40% approval rating at the end of February, before the U.S. launched strikes against Iran.
Trump logged a 35% approval rating and 63% disapproval rating in the latest Reuters/Ipsos poll of 4,531 U.S. adults taken June 3-8 (margin of error 2).
The latest results are unchanged from Trump’s approval/disapproval rating in the groups’ mid-May poll and one point above his record-low approval rating of 34% for his second term, in April.
The poll found 59% of respondents expect gas prices—which have worsened amid the Iran war—to rise more over the next year because of the conflict.
The poll also found 22% of Americans are satisfied with Trump’s handling of cost of living, less than the 29% who approved of Biden’s handling of the issue when he left office.
Trump’s approval rating declined one point, to 38%, and his disapproval rating increased two points, to 62%, in a new Marquette Law School poll, compared to its April survey (the latest poll of 1,001 adults was conducted May 20-26 and has a margin of error of 3.4).
Trump’s approval rating in the May poll is a low point among the nine polls Marquette Law School has conducted in Trump’s second term.
His approval rating on the economy slipped two points, to 30%, from April and his rating on inflation was also down two points, to 22%, while 19% approve of his handling of gas prices in the latest poll.
Trump’s approval rating increased one point from the 42% low-point reached during his second term in April in the latest Harvard CAPS/Harris poll (the survey of 1,725 registered voters was conducted May 29-31 and has a margin of error of 2.4).
Trump’s approval rating is similar to former President Joe Biden’s at this point in his term. Biden had a 38% approval rating in July 2022, according to Gallup.
42%. That was Trump’s approval rating the week of July 16-22, 2018, during his first term, according to Gallup.
Trump began his second term with a 52% approval rating and 43% disapproval rating, according to The New York Times’ polling average. He experienced a sharp drop in support with the announcement of his so-called “Liberation Day” tariffs in April last year, and again since the start of the Iran war at the end of February. Voters’ economic concerns have remained high throughout Trump’s second term, and the Iran war has coincided with an increase in negative views of the economy as gas prices have skyrocketed since the start of the conflict. Trump’s sagging approval rating comes as Democrats have a chance at outperforming Republicans in midterms, with Emerson’s May poll showing Democrats with a 9-point advantage on the generic congressional ballot, though 9% of voters were undecided.