According to a Reuters/Ipsos survey, the approval rating of US President Donald Trump has dropped slightly over the past few days due to more Americans expressing concern about the direction the economy is taking.
In the six-day poll, concluded Tuesday, 44% of respondents approved Trump’s performance. This is down from 45% of respondents in an earlier survey conducted between January 24 and 26.
After his January 20-21 return to the White House, 47% of Americans approved.
The latest poll shows that disapproval for Trump has increased significantly. It rose from just 41% to 51%, a significant increase.
The Reuters/Ipsos survey surveyed 4145 US adults across the country and had a margin error of two percentage points either way.
A CBS News/YouGov survey conducted earlier in the month found that, so far, 53% of Americans are satisfied with Trump’s performance on his job.
Also, 70 percent of the respondents stated that Trump “is doing what he said” during his campaign.
A survey of 2,175 US citizens was conducted from February 5-7, 2020.
What is causing Trump’s declining approval ratings?
Trump’s immigration policy continues to be supported by a majority of Americans (47%) who approve his policies. However, public opinion on the economy is deteriorating.
In the latest poll, 53% of Americans believe that the U.S. economy is headed in the wrong direction. This was up from only 43%.
The approval of Trump’s economic handling has dropped from 43% to 39%.
Trump’s political position is dominated by economic concerns. Although his 39% rating on the economy was higher than Joe Biden’s 34% at the end, the number is far below his 53% in February 2017, his first full month as president.
Only 32% of respondents approve of Trump’s performance in this area.
The US Labor Department released a report that showed the consumer price index rose in January at its fastest rate in almost 1.5 years. This is despite Americans paying more for a wide range of goods and services.
Verdict on Trump tariffs
According to other economic data, US households are expecting inflation will rise after Trump announced on February 1, 2018 that he would impose steep tariffs against imports from China and Mexico.
Trump has delayed the tariffs against Mexico and Canada to March. However, he set an import steel and aluminum duty start date of March 12, and instructed his officials to create a global framework for reciprocal tariffs.
Trump also instructed his staff to create global reciprocal tariffs.
Yesterday, President Obama announced that he would impose 25% duties on imports of automobiles. He also planned to apply similar tariffs on semiconductors and pharmaceuticals.
Trump’s tariff policies remain divisive. Although 54% of respondents were against new tariffs, only 41% approved.
The support for tariffs on Chinese products was slightly higher, at 49% in favour and 47% opposed.
As new information becomes available, the post Trump’s approval ratings dip as economic worries weigh on public sentiment could be updated.
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