A large number of Americans express discontent with Trump’s economic policies amid stock market instability, according to recent polls.
United States President Donald Trump’s approach to the economy is receiving increased criticism from the public as stock market fluctuations and recession concerns rise, new surveys reveal.
A UJ/SSRS poll published on Wednesday indicated that 56 percent of participants disapproved of Trump’s economic management—marking the highest disapproval rating during his presidency.
However, the same poll showed more favorable views towards Trump’s immigration policies, with 51 percent of respondents backing his stringent enforcement measures.
Additionally, a Reuters/Ipsos poll released on the same day found that 57 percent of Americans think Trump’s economic policies have been excessively “erratic”.
Trump garnered an overall approval rating of 45 percent in the UJ poll and 44 percent in the Reuters survey.
These findings arise amid fluctuating announcements from Trump regarding tariffs, which have unsettled markets and increased tensions with trading partners, including important US allies.
The S&P 500 index has lost over $3 trillion since reaching its peak in February, as investors grapple with Trump’s “America First” economic strategy.
On Wednesday, the Trump administration enacted 25 percent tariffs on all steel and aluminum imports, inciting retaliatory tariffs from Canada and the European Union.
This latest round of tariffs followed Trump’s previous day threat to impose a 50 percent duty on Canadian steel and aluminum, which he retracted after Ontario agreed to halt a surcharge on electricity exports to certain US states.
Trump, who suggested earlier this week that a recession could not be ruled out this year, along with his aides, have characterized the stock market volatility as a mere temporary setback on the path toward a more robust economy.
“I believe this country is headed for a boom. But as I noted, I can approach this the easy way or the hard way,” Trump stated to reporters on Tuesday.
“The hard way is precisely what I am doing, but the outcomes will be exponentially better.”
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