President Trump's approval rating has plummeted to a new second-term low, with only 37% of voters endorsing his job performance, according to a recent New York Times/Siena poll. This decline, down 3% since January, comes amid widespread discontent over inflation, the Iran war, and economic policies that voters say have worsened their financial stability.
Economic Disapproval Surges
Approximately 64% of voters disapprove of Trump's handling of the economy, and 69% disapprove of his approach to cost-of-living issues. Notably, even within his own party, 37% of Republicans disapprove of his inflation management—an 11-point jump since March. A CBS News poll echoed these findings, with 65% of Americans stating that Trump's policies are harming the economy in the short term.
'While the President has been clear about short-term disruptions as a result of Operation Epic Fury, the Administration is focused on implementing the proven Trump agenda of tax cuts, deregulation, and energy abundance to keep America on a solid economic trajectory.' — White House spokesperson Olivia Wales
Iran War Fallout
The Iran war has further eroded Trump's standing, with 65% of voters disapproving of his handling of the conflict. Fewer than a quarter believe the war has been worth its $29 billion price tag, and 64% say engaging with Iran was the wrong decision. The war's impact on gas prices has also caused financial hardship for 59% of Americans, up 8% since April.
Despite these challenges, Democrats are not faring much better. Only 26% of Democratic voters are satisfied with their party, though 35% of Americans still believe Democrats have a better approach to the economy compared to 31% for Republicans.
Trump's declining approval underscores the political risks of economic discontent and prolonged foreign conflicts, setting a contentious tone for the upcoming midterm elections.