Unprecedented decline in public trust in Trump’s economic management

Pars Today – A new poll shows that Donald Trump is experiencing the lowest economic approval of his presidency, with 55 percent of Americans expressing disapproval of his economic performance.

According to an October 2024 CNBC poll, U.S. President Donald Trump has seen a significant decline in his economic popularity. His approval rating on economic issues stands at 42 percent, while 55 percent disapprove of his performance. This results in a net negative approval of 13 percent, the worst level recorded during his two presidential terms.

Pars Today, citing IRNA, reports that the decline in Trump’s economic popularity is evident across major economic indicators. Only 34 percent of Americans approve of his handling of inflation and the cost of living, while 62 percent disapprove. Additionally, his new tariff policies face 56 percent opposition. Public perception of the economy has also darkened, with only 27 percent rating it as “good” or “excellent.”

Economic worries have extended to the labor market, with over a quarter of workers fearing unemployment in the coming year—the highest level since 2022. The unemployment rate has reached 4.3 percent, marking the highest level in four years.

According to experts, the increase in living costs has had a greater impact on public distrust than the government shutdown. Additionally, 53 percent of Americans blame congressional Republicans and the president for the economic consequences of the shutdown. This decline in popularity could pose a serious threat to Trump’s 2026 electoral ambitions.