Americans are unhappy with Trump's performance: the number of his opponents has exceeded the number of his supporters
Two respected publications - CNN and Reuters – conducted surveys among Americans to find out their attitude towards the economic policy of the Trump administration. Traditionally, the publications' partners were the analytical companies SSRS (Social Science Research Solutions) and Ipsos, which enjoy a reputation for being the most reliable and showing high accuracy of results.
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A new CNN/SSRS poll, the results of which were published Yahoo! citing The New Republic, shows that most Americans have no confidence in President Trump's handling of the economy, the lowest level of his first term.
Fifty-six percent of Americans disapprove of his economic performance, while 56 percent disagree with his handling of the federal budget and 52 percent disapprove of his tariffs. The findings come as the stock market continues to slide as Trump imposes tariffs on allies in China, Canada, Mexico and the European Union.
On the subject: The US government can garnish your entire paycheck if it decides you've been overpaid for benefits.
Americans don't trust Musk
Additionally, 53% of Americans have a negative view of Elon Musk, who, while supporting Trump, is making massive cuts and purges in the federal government. About 62% percent said Musk does not have the experience or judgment to “make changes to the way the government works.” 62% of Americans believe that the DOGE cuts “would go too far and eliminate important federal government programs.”
"Trump acts unpredictably"
Many Americans view Trump's handling of the economy as too inconsistent, according to a Reuters/Ipsos poll of 1422 U.S. adults. The poll had a margin of error of three percentage points.
Most Americans believe President Donald Trump, with tariffs that have sent stock markets reeling, is being too "unpredictable" in his efforts to shake up the U.S. economy.
Some 57% of respondents, including one in three Republicans, said the president's policies were unstable because his efforts to impose tariffs on imported goods sparked a global trade war.
Americans want Trump to continue to fight high prices, although they increasingly fear that his policies will lead to higher, rather than lower, prices for goods and services.
Tariffs on allies like Canada and Mexico, and Trump's refusal to rule out a recession, have spooked U.S. markets, with the S&P 500 index losing more than $3 trillion since its all-time peak last month.
The White House said some short-term economic hardship may be necessary to implement Trump's trade policies aimed at bringing manufacturing back to the U.S.
Cost of living is a weak point
Overall, 44% of respondents approve of the job Trump is doing as president, unchanged from the previous Reuters/Ipsos poll conducted March 3-4. But his performance on the cost of living issue is particularly weak, with only 32% approving of the 47th president's performance in that area.
Meanwhile, 70% of Americans, including nine in XNUMX Democrats and six in XNUMX Republicans, expect higher tariffs to make food and other everyday goods more expensive.
Problems with the stock market
Throughout his political career, Trump, a real estate developer turned reality TV star, used the strength of the stock market as a proxy for economic health. But since returning to the White House, he has downplayed its importance.
"Markets are going to go up and down. We need to rebuild our country," Trump said on March 10.
This is in stark contrast to his comments in March 2017, when he celebrated the Dow Jones Industrial Average breaking the 21 mark for the first time.
“Since November 8th, Election Day, the stock market has gained $3,2 Trillion and consumer confidence is at a 15-year high. Jobs!” Trump wrote on the social media site now known as X.
The White House press secretary on March 12 urged patience, saying that "market performance is only a snapshot in time, and we expect good days and bad days, but ultimately both Wall Street and everyday Americans will benefit from this president's policies, just as they did in his first term."
Inflation is the main priority
Inflation was the top concern for respondents, with six in 10 saying it should be Trump's top priority, ahead of shrinking government, dealing with immigration and fighting crime.
Some analysts are even more dire. Investment bank JP Morgan puts the risk of a U.S. recession this year at about 40%, and sees an economic downturn as even more likely if Trump follows through with his plans to impose a new wave of tariffs in April.
Already, the White House has raised tariffs on Chinese-made goods, and on Wednesday it increased taxes on a wide range of auto and tractor parts, building materials and machinery components, much of which come from Canada and Mexico. In response, Canada and the European Union have vowed to impose their own trade barriers on American goods.
Inflation, which rose sharply under the previous Democratic President Joe Biden, will continue to rise because of the tariffs, analysts say.
Pensioners under attack
Despite the instability, Republicans on Capitol Hill and Trump supporters remain supportive of his economic policies.
Republican Senator Roger Marshall told Reuters he thought the market was "overvalued."
“The market is just one piece of the puzzle,” said Marshall of Kansas. “There are other pieces, like how to get interest rates down and get jobs back into manufacturing. I think it’s a pretty complex picture.”
Others acknowledge that the market's decline is causing concern among Americans, especially retirees and those approaching retirement who rely on their savings.
"We all know that people who live off their retirement accounts are looking at them every day. I think Trump needs to be a little more sensitive to that," said Republican Sen. Shelley Moore Capito of West Virginia.
Democrat Richard Blumenthal of Connecticut put it another way: "It may not matter to him because he's a billionaire. But for the average investor, losing a huge amount of money is a big deal."
Nearly 80% of Republicans polled over two days agreed with the statement that Trump's actions on the economy "will pay off in the long run," indicating faith among some in his party in Trump's policies despite concerns about the short-term impact.
Only 41% of respondents (and only 5% of Democrats) believe that Trump's policies will produce results in the future.
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Americans for Responsible Growth, a Democratic advocacy group, called Trump's approach "chaotic" and said it was hurting investors across the country.
“What seemed like a quick fix in Trump’s mind has turned into a bigger problem that will take a long time to fix. And consumers and businesses are already facing higher prices, fewer choices, and more uncertainty,” said Dave Wallach, the group’s executive director.
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