A new national poll released this week shows President Donald Trump’s approval rating for the first time since he took office. According to Reuters/IPSOS, which conducted the survey on May 12-13, Trump’s approval stands at 44%, with 52% disapproval. This reflects a slight rise compared to a national survey from late last month, indicating some shifts in public sentiment.
US-China Trade Effects on Stock Markets
Performance regarding the economy seems to be influencing the uptick in Trump’s approval. A polling result shared indicates that 39% of adults feel positively about his handling of economic issues—this is a three-point increase from last month.
Recent improvements in stock markets, attributed to a US-China tariff ceasefire and a newly signed trade agreement with the UK, have also played a role in changing sentiments around the economy. The market’s recent upswing began after these developments.
Trump’s earlier bold tariff announcements had spurred fears of a trade war and triggered declines in financial markets, raising recession concerns among many. His recent decisions to ease some trade restrictions appear to have assuaged some of the public’s worries, although anxiety about a recession still lingers. Currently, about 69% express concerns about an impending recession, which is down from 76% just a month prior. Additionally, fears surrounding the stock market also dipped seven points to 60%.
Colin Reid, a seasoned Republican strategist, noted that Trump understands the necessity of making tough decisions at this stage. With under 150 days remaining until midterms, he must navigate these choices carefully to positively influence economic conditions.
Nevertheless, Trump’s approval ratings often reflect a decidedly negative sentiment. Recent polls indicate he has registered a 44% approval and a 55% disapproval rating, highlighting a sense of decline in public support since assuming office nearly four months ago.
The present average from national surveys suggests that Trump’s approval might be around four points below the norm, showing slight improvement since late last month. Inflation and economic issues, notably, have dogged his predecessor President Joe Biden as well—these factors played a significant role in Trump’s win last November.
Political analyst Wayne Lesperance pointed out that Trump’s presidency has not kicked off in the ideal manner he and his supporters envisioned. Initial campaign pledges related to inflation and interest rates seem overshadowed by various distractions impacting the White House. Yet, there’s a sense that progress could be emerging, especially if trade arrangements with the UK, China, and India lead to cooling tensions and bolster market recovery along with decreasing gas prices as summer draws near.
