Majority of Americans Disapprove of Trump’s Economic Management Amid Stock Market Turmoil, Polls Show
United States President Donald Trump’s handling of the economy is facing increasing criticism from Americans as the stock market experiences significant volatility and concerns about a potential recession grow, according to new polls.
A CNN/SSRS poll released on Wednesday revealed that 56 percent of respondents disapprove of Trump’s economic management—the highest disapproval rating during his presidency so far.
However, the poll offered some positive news for Trump on immigration, with 51 percent of respondents supporting his strict enforcement policies.
A separate Reuters/Ipsos poll also released on Wednesday found that 57 percent of Americans view Trump’s economic policies as too “erratic.”
Trump’s overall approval rating in the CNN and Reuters polls stood at 45 percent and 44 percent, respectively.
These results come as Trump’s inconsistent announcements on tariffs have disrupted markets and escalated tensions with trading partners, including key U.S. allies. The benchmark S&P 500 has lost over $3 trillion in value since its February peak as investors grapple with the implications of the president’s “America First” economic agenda.
On Wednesday, the Trump administration imposed 25 percent tariffs on all steel and aluminum imports, leading to retaliatory measures from Canada and the European Union.
The latest tariffs followed Trump’s threat on Tuesday to impose a 50 percent duty on Canadian steel and aluminum. He later reversed this decision after Ontario agreed to suspend a surcharge on electricity exports to certain U.S. states.
Trump, who earlier this week refused to rule out the possibility of a recession this year, and his aides have downplayed the stock market turmoil as a temporary setback on the path to a stronger economy.
“I think this country is going to boom. But as I said, I can do it the easy way or the hard way,” Trump told reporters on Tuesday.
“The hard way to do it is exactly what I am doing, but the results are going to be 20 times greater.”
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