Public trust in Donald Trump economic leadership is fading fast, according to a new poll that reveals his lowest-ever approval rating on the issue since taking office for a second term. While his overall approval rating has edged up slightly, the economy—once a cornerstone of his political brand—is now a growing point of concern for many Americans.
A recent AP-NORC Center survey shows that only 36% of adults approve of Trump’s handling of the economy, while a striking 63% disapprove. These numbers mark a sharp drop from earlier in the year and reflect a growing unease among voters grappling with inflation and the fallout from Trump’s new “Liberation Day” tariffs.
These tariffs, aimed at boosting domestic production and punishing foreign competitors, have instead rattled markets and sparked fears of a looming recession. Once praised for his economic acumen, Trump now finds his most reliable base of support beginning to crack.
Back in October 2020, near the end of his first term, about half of U.S. adults gave Trump a thumbs-up on his economic performance. Even during times when other areas of his presidency drew criticism, his handling of the economy consistently scored well in polls. But times have changed. Last month, Navigator Research recorded Trump’s lowest economic rating in its history: just 40% approval and a net approval of -16. The latest AP-NORC results show his numbers have dropped even further.
Despite the souring economic sentiment, Trump’s overall approval has ticked up slightly to 41%, buoyed by continued support from Republican voters and a slight dip in opposition from Democrats. On immigration, a separate issue dominating headlines, Americans were evenly split—49% approve of Trump’s approach, while 51% disapprove.
These mixed signals suggest voters are torn: while some still back Trump’s broader agenda, many are increasingly uneasy about the direction of the economy and how it could impact their daily lives.
