Author：Wall Street CN
Trump's approval rating has fallen to its lowest point in his second term, with economic discontent eroding his core voter base.Less than seven months until the 2026 midterm electionsThe Republican Party's alarm bells have been ringing.
According to CCTV reportsAccording to the latest US polls,Trump's approval rating on economic issues has dropped to 31%, a new low during his presidency.Reports indicate that the rise in US oil prices following the US military action against Iran has further exacerbated economic pressures and discontent among the American public.
Only 24% of respondents approved of the government’s handling of inflation, a significant drop from 33% a year ago; the proportion of those who opposed the tariff policy was as high as 64%, with only 28% expressing support.
According to a poll released Monday by the University of Massachusetts AmherstTrump's overall approval rating has dropped to 33%.This marks a new low for his second term.
The signal that alarms Republicans the most is thatThe working-class base that Trump relied on to win two elections has shown obvious cracks.17% of Trump voters in 2024 now have doubts about their initial vote, and his net approval rating among adults in households with an annual income of less than $50,000 has fallen to -22 percentage points.
The poll numbers are plummeting, and tariffs are fueling discontent over inflation.
According to an analysis by the Financial Times, Trump's declining approval ratings can be traced back to December of last year, long before the start of military action in the Middle East, indicating that the root of voter dissatisfaction lies more in domestic economic policies.
A University of Massachusetts Amherst poll shows his overall approval rating at 33%, the lowest it has been throughout his second term. Economists have long warned that tariffs will bring inflationary pressures, and only 24% of respondents approve of the government's handling of inflation, compared to 33% a year ago.
According to CCTV, the latest US poll shows that Trump's approval rating on economic issues has fallen to 31%, a record low; 77% of respondents believe that "the US economy is in bad shape," and Republican voters' satisfaction with the economy has dropped by 14 percentage points.
In a 19-minute national address Wednesday night, Trump acknowledged the “short-term” economic pain and blamed soaring gasoline prices on Iran’s “mad” attacks on shipping through the Straits. Analysts believe this statement shows he is aware of his declining poll numbers.
The impact of oil price shocks is spreading, creating cracks in the basic wage base.
A recent poll shows that 63% of respondents said "rising oil prices have caused some economic hardship for their families." The effective blockade of the Strait of Hormuz has kept oil prices high, becoming one of the most direct channels through which voters feel the economic pressure.
For Republicans, the most alarming figure is Trump's net approval rating of -22 percentage points among adults in households with an annual income of less than $50,000.
Attracting working-class voters was the core logic behind Trump's two election victories. A University of Massachusetts Amherst poll also shows that 17% of Trump voters in 2024 have doubts about their initial choice. This means his electoral coalition is crumbling in real time.
White House gaffe adds uncertainty, leaving the path to a breakthrough in the midterm elections unclear.
With the election prospects already precarious, Trump's remarks at Wednesday's Easter lunch have further unsettled Republicans. He bluntly stated:
"We cannot take care of childcare. We are a large country, and we are at war. Taking care of childcare, Medicaid, and Medicare is impossible for us."
This statement is like adding insult to injury for working-class voters who are already deeply concerned about the government's stance on social spending.
In addition to polling pressure, Trump’s tariff agenda and immigration policy (his two signature policies for his second term) are also facing legal obstacles.
According to James Politi, Washington bureau chief for the Financial Times, the White House and the Republican Party are facing the pressing issue of how to turn things around before the November 2026 election. Current polls suggest this path will not be easy.
