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Trump Approval Drops to 33% as Economic Pessimism Grows

The decline reflects rising household financial strain and higher fuel costs that could hurt Republican performance in the midterm elections.

Overview

  • A Financial Times Focaldata survey of 1,914 registered voters, conducted Aug. 28–Sept. 1 and published Monday, recorded President Trump’s approval at 33 percent, the weakest reading since the FT began tracking the question in May.
  • The poll found 57 percent of respondents say their household finances have worsened under Trump and nearly two-thirds say the economy is moving in the wrong direction.
  • Rising fuel costs tied to the U.S.-Iran military tensions and risks to shipments through the Strait of Hormuz have added to consumer strain, with reports noting record-high diesel prices around $5.85 a gallon.
  • Voters are concerned about political fallout: 46 percent said Trump’s involvement could hurt Republican midterm candidates and his approval among Republicans fell to 72 percent in the survey.
  • The result continues a downward trend seen in August polling and coincides with other data showing a rising Democratic party identification advantage, which could lower turnout for GOP candidates and alter campaign strategies ahead of the midterms.