Overview

• A recent NBC News poll found 54% of voters disapprove of Trump's handling of the economy, marking the first time his economic disapproval has reached a majority in this survey.
• Other polls, including those from CNN and YouGov, also indicate rising public dissatisfaction with Trump's economic policies, with disapproval ratings increasing by up to 10 points in recent months.
• Economic concerns are driven by volatile tariff policies, mixed messaging from the administration, and a 10% decline in the S&P 500 since Trump took office for his second term.
• Treasury Secretary Scott Bessent acknowledged the possibility of an economic adjustment, while Trump defended his policies as necessary for long-term growth.
• The Organisation for Economic Co-operation and Development (OECD) projects slower U.S. GDP growth in the coming years, partially attributing this to Trump's tariff strategies.