Trump's Economic Approval Plummets Amid Fears of Recession and Rising Inflation

April 23, 2025
Trump's Economic Approval Plummets Amid Fears of Recession and Rising Inflation
  • Despite the backlash, many Americans, including 48% of poll respondents, believe that other countries exploit the U.S. in trade, indicating some support for Trump's hardline stance.

  • A Quinnipiac University poll shows that 72% of voters believe Trump's recent tariffs will harm the economy in both the short and long term.

  • Trump's aggressive trade policies, including a 10% tariff on most imports, have contributed to significant market volatility and rising inflation, with the stock market down approximately 14% from its peak in February.

  • Concerns about inflation and the rising cost of living are central to voter discontent, with many expressing worries about their financial stability and the future of Social Security.

  • Trump's contentious actions, including deporting migrants under an 18th-century statute and imposing high tariffs on Chinese imports, have raised concerns about rising prices for consumers.

  • A recent Reuters/Ipsos poll indicates that only 37% of Americans approve of President Donald Trump's handling of the economy as he approaches his 100th day in office, a decline from 42% shortly after his inauguration.

  • U.S. Treasury Secretary Scott Bessent has commented on the unsustainability of the ongoing tariffs with China, suggesting a potential de-escalation in the trade war.

  • Approval ratings for Trump's foreign policy and immigration efforts are similarly low, standing at 42% and 46%, respectively, reflecting widespread dissatisfaction among voters.

  • These approval ratings are largely influenced by concerns over Trump's economic policies, particularly amid fears of a recession following his controversial tariff announcements.

  • Experts warn that the economic outlook may worsen, with predictions of a recession this year due to the impacts of Trump's tariffs on U.S. exports.

  • Three months after his inauguration, a significant majority of respondents indicated that addressing inflation and the economy should be Trump's top priority, highlighting a shift in public concern.

Summary based on 17 sources


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