A new CBS News poll reveals declining approval ratings for President Trump’s handling of the economy and inflation, falling 4% since March 30th to 44% and 40%, respectively. This coincides with a majority (59%) of respondents rating the U.S. economy as bad, and 53% believing it’s worsening. Furthermore, 58% blame Trump’s policies for rising prices, while his overall approval rating dropped to 47%. Despite Trump’s claims of success with his tariff policy, a significant portion of Americans disapprove of his approach, particularly concerning its impact on the economy.
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President Trump’s economic policies, including tariffs and spending cuts, pose a significant threat to low- and moderate-income families. These policies, coupled with Republican opposition to a minimum wage increase, are predicted to negatively impact household finances and potentially trigger a recession. A proposed bill, the Raise the Wage Act of 2025, aims to gradually increase the federal minimum wage to $17 per hour by 2030, benefiting over 22 million workers. This action is presented as a necessary countermeasure to the economic hardships caused by the current administration’s agenda.
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Consumer sentiment plummeted 11 percent in April, a pervasive decline across all demographics. This marks a 30 percent drop since December, driven by deteriorating expectations regarding business conditions, personal finances, and inflation. The decline follows President Trump’s economically disruptive trade policies, including significant tariff fluctuations that have roiled financial markets. This widespread pessimism signals a heightened risk of an impending recession.
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President Trump’s policies have undermined the U.S. dollar’s reliability as the global reserve currency, leading to significant consequences. Traders are selling off Treasury bonds, indicating a loss of confidence in the U.S. economy, and yields on 10- and 30-year bonds have reached alarming levels. This decline in confidence is further evidenced by international investors reducing their holdings of U.S. dollar assets and exploring alternative investment options. The potential collapse of the dollar’s dominance would trigger a global financial crisis of unprecedented scale, impacting the U.S. economy severely.
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Recent polling data from Quinnipiac and The Economist/YouGov indicates a slight decline in President Trump’s approval rating among Republicans, ranging from 2 to 5 percentage points depending on the poll. This decrease follows the announcement of his “Liberation Day” tariffs, which initially shook financial markets and prompted a partial tariff pause. While his approval remains high, the dip suggests potential vulnerability ahead of the 2026 midterms and could embolden rival voices within the Republican party. The decline is particularly noticeable in approval of his economic policies.
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President Trump’s new tariffs, imposing significantly higher levies on numerous countries, have drawn sharp criticism from prominent business leaders. Billionaire investors like Bill Ackman and Jamie Dimon warn of a potential “economic nuclear war,” predicting decreased investment, rising inflation, and a global recession. Concerns are amplified by the uncertainty surrounding the tariffs’ duration and impact, deterring large-scale investments. This widespread opposition highlights a growing loss of confidence in Trump’s economic policies amongst the business community.
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A new poll reveals growing American anxiety about their finances under President Trump’s administration, with only 26 percent feeling better off and a mere 34 percent anticipating improved conditions in six months. Overwhelming majorities cite rising costs (inflation, insurance, and the overall economy) as significant concerns, alongside fears of escalating tariffs and a potential trade war. This pessimism mirrors other recent surveys showing declining consumer confidence and spending, potentially foreshadowing economic hardship. Experts express varying opinions on the severity of the situation, ranging from warnings of reduced discretionary spending to claims that the economy remains robust despite low confidence levels.
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Amidst a global stock market downturn triggered by President Trump’s tariffs, Fox News host Laura Ingraham urged viewers to disregard negative reports, asserting that Trump’s economic policies, though causing significant market volatility, ultimately benefit the U.S. economy. She cited positive comments from Goldman Sachs CEO David Solomon and downplayed the market’s recent plummet as a temporary “transition.” However, a CNN/SSRS poll revealed that 56% of Americans disapprove of the president’s economic handling, highlighting a stark contrast in public opinion. This economic uncertainty follows retaliatory tariffs from the EU and Canada in response to Trump’s steel and aluminum tariffs.
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President Trump’s economic policies, particularly his use of tariffs, are negatively impacting the American economy, causing market drops and increased prices for consumers. His erratic behavior and refusal to heed warnings from economists and voters are exacerbating the situation. Congress, specifically Republicans, possesses the power to curb Trump’s tariff authority by repealing the International Emergency Economic Powers Act (IEEPA), but a lack of political will prevents action. Failure to act will likely harm the Republican Party’s electoral prospects in future elections.
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Fifty-six percent disapproval of Trump’s handling of the economy, as revealed by a recent survey, is a significant figure, sparking considerable discussion and varied interpretations. It suggests a substantial portion of the population harbors negative views on his economic policies and their impact. This number, however, is considered by some to be surprisingly low given the prevailing economic conditions.
The current state of the economy, characterized by rising inflation and falling stock prices, seemingly contradicts the relatively low percentage of disapproval. Many argue that with the rising costs of everyday essentials like groceries, coupled with a volatile stock market, the dissatisfaction should be considerably higher.… Continue reading
John Q. Hosedrinker 
Matt Underwood