President Trump’s Approval Rating Declines Amid Economic Concerns

Recent polling indicates a significant downturn in President Trump’s approval ratings, as an increasing number of Americans express discontent with his management of the economy and the rising cost of living. This sentiment was captured in newly released surveys on Sunday, highlighting the challenges the president faces as he tries to navigate complex economic issues.

Public Sentiment on Economic Management

A CBS News survey revealed troubling statistics for the president:

• 36% approval rating for handling inflation
• 41% approval rating for overall economic management
• 64% disapproval on inflation
• 59% disapproval for economic management

Trump’s overall job approval stands at 43%, with 56% disapproving among voters. However, the president still enjoys strong support within his party, with 91% approval from Republicans.

Conversely, an NBC News poll echoed these findings:

• 57% of Americans expressed disapproval of Trump’s job performance.
• The approval rating for the Democratic Party is at 41%, while 59% disapprove. The Republican Party also faces scrutiny, with an approval rating of 43% contrasted against a 57% disapproval rate.

Tariff Concerns Affecting Approval Ratings

A key point of contention among Americans is the impact of Trump’s tariff policies. The CBS News survey shows:

• Only 38% support the president’s tariff strategies, while 62% oppose them.
• 71% of respondents anticipate prices will rise due to his tariff measures.

These statistics reflect a broader concern about how tariffs will affect consumers’ purchasing power. Secretary of the Treasury Bessent defended the import taxes on “Meet the Press,” asserting that they will not lead to higher costs for Americans, a claim disputed by numerous economic studies.

Reflections on Economic Conditions

The prevailing view of the national economy is notably pessimistic:

• Only 6% of respondents believe the economy is "very good."
• A combined 60% perceive it as either "very" or "fairly bad."

Such sentiments could pose significant risks for Republicans in the upcoming 2026 midterm elections. As they attempt to rebrand their economic initiatives, they face the daunting task of shifting public opinion.

The One Big Beautiful Bill Act (OBBA)

The recent legislative package titled One Big Beautiful Bill Act, signed by Trump in July, is under heavy scrutiny. Polling reveals:

• 39% approval among Americans for the OBBA
• 61% disapproval

Approval Ratings by Demographics:

• 30% of voters aged 29 or younger approve of the law
• 31% of self-identified moderates express support
• 30% of independent voters have a positive view

Comparison with previous legislation indicates that the OBBA is one of the least popular pieces of legislation in recent history. For instance:

• The Affordable Care Act (ACA) had a disapproval rate close to its approval at the time of enactment, while the Tax Cuts and Jobs Act saw a much higher approval once fully implemented.

Conclusion

As President Trump grapples with his declining approval ratings amidst economic challenges, he will need to recalibrate his strategies to regain the confidence of American voters. The pressures on him and his party are mounting, particularly with midterms on the horizon. The landscape will likely continue evolving, as financial concerns dominate public conversation.

For ongoing updates on Trump’s economic policies, visit CBS News and NBC News for the latest polling data and expert analysis.