President Trump’s approval rating on the economy is now at its lowest point of either of his White House terms, according to a survey published Wednesday.
The Reuters/Ipsos poll found Trump’s approval on the economy dropped by 1 point, to 36 percent, the lowest figure on the issue in either Trump administration. His disapproval went up by 5 points, to 56 percent.
Trump’s overall approval rating is at 42 percent, on par with the last iteration of the poll. It was the same case for his disapproval, which held up at 53 percent, the survey showed.
The president’s tariff agenda has sparked fears among analysts and consumers that it would end up slowing down the economy and ultimately raise prices. Trump and other administration officials have argued that “everybody’s gonna be just fine” after some short-term shocks.
ABC News’s Terry Moran pressed Trump on the impact of his tariff policies during an interview that aired Tuesday night.
“It wouldn’t have been if I didn’t do this. I had a choice. I could leave it, have a nice, easy time. But I think ultimately you wouldn’t [have] an implosion,” Trump said.
“Our country had inflation that was worse than they’ve ever had it before,” he added. “You don’t mention that. Why don’t you mention that?”
Inflation was a huge drag on former President Biden and a major point of attack for Trump. But Trump is not winning high marks now that his economic policies are taking hold.
Nearly 6 in 10 U.S. adults disapproved of the president’s handling of the cost of living in the Reuters/Ipsos poll, while 32 percent approved.
Trump’s best issue remains immigration — another focus of his 2024 campaign — but even there he is slightly underwater. About 45 percent of Americans approved of his handling of immigration, compared to 48 percent who disapprove.
Just over one in five respondants, 22 percent, said the economy was their top concern. About 26 percent listed political extremism and threats to democracy, while 11 percent said immigration, down from 14 percent in late January, according to the survey.
The poll was conducted April 25-15 among 1,029 U.S. adults. The margin of error was about 3 percentage points.
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