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Trump's Economic Approval Hits Record Low of 37% as Market Turmoil Deepens

Public concern over recession, erratic trade policies, and retirement security grows, while overall approval remains at 42%.

Donald Trump addresses the Economic Club of New York in Sept. 2024. Photo: Spencer Platt/Getty Images
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Overview

  • A new Reuters/Ipsos poll shows President Trump's economic approval rating has dropped to 37%, the lowest of his presidency, reflecting growing dissatisfaction with his economic policies.
  • Seventy-five percent of Americans express fears of a looming recession, and two-thirds are concerned about the stock market's sharp decline, the worst since early COVID-19.
  • Fifty-six percent of respondents describe Trump's economic strategies, including aggressive tariffs, as 'too erratic,' with even some Republican voters voicing criticism.
  • Trump has paused higher reciprocal tariffs this month and hinted at potential reductions on Chinese imports through negotiations, but public anxiety persists.
  • Despite economic concerns, Trump's overall approval rating stands at 42%, bolstered by strong support from Republican voters.