CNBC Survey Reveals Trump’s Economic Approval Rating Hits All-Time Low: What It Means for His Presidency

President Donald Trump is facing troubling numbers regarding economic approval, marking the lowest of his presidency. A recent CNBC All-America Economic Survey shows a growing dissatisfaction among the public over how he manages issues like inflation, tariffs, and government spending.

The survey, which gathered responses from 1,000 Americans, reveals that only 44% support Trump’s overall presidency, while 51% disapprove. This is slightly better than his ratings when he left office in 2020. However, his economic approval has dipped to 43%, with 55% disapproving—a first in any CNBC poll during his presidency.

Trump’s Republican supporters still back him, yet discontent is growing among key voter groups. For example, Democrats hold a staggering -90 net economic approval rating. Independents also lean negative, showing a 23-point drop in support since his first term. Even blue-collar workers, crucial to Trump’s election win, are expressing more disapproval than before.

According to Jay Campbell, a partner at Hart Associates, “Donald Trump was reelected specifically to improve the economy, and so far, people are not liking what they’re seeing.”

The survey was conducted from April 9 to 13 and has a margin of error of 3.1%. A significant finding from the survey indicates that nearly half of the public (49%) believes the economy will worsen over the next year—the most pessimistic outlook recorded since 2023. Among Republicans, only 76% see the economy improving, while 83% of Democrats and 54% of independents think it will decline.

Micah Roberts from Public Opinion Strategies notes that heightened partisanship is driving public sentiment. People’s reactions seem to stem more from political allegiance than from actual economic performance.

A major point of concern for Americans is the impact of tariffs. A significant 49% disapprove of blanket tariffs, believing they adversely affect American jobs and contribute to inflation. For context, during Trump’s first term, opinions on trading partners like Canada and Mexico were more favorable, indicating a shift in public perception.

Concerns about inflation stand out as Trump’s weakest area, with disapproval ratings at 60%. Interestingly, 57% of Americans now believe we are in, or soon will be, a recession—up from 40% just a month prior. Some even think the recession might have already started.

In terms of government spending and foreign policy, Trump also receives poor feedback, with disapproval ratings hovering around 51% and 53%, respectively.

However, not all areas show negative trends for Trump. His handling of immigration has gained a slight majority approval. About 53% support his management of the Southern border, with 52% backing deportation efforts.

Investor sentiment has shifted, too. Currently, 53% of Americans feel it’s not a good time to invest in the stock market, compared to 38% who think otherwise. This is a stark contrast to the optimism that followed his election, representing a sharp decline in public confidence.

Despite Trump’s approval issues, Democrats aren’t seeing significant gains. Voter preferences for Congress remain nearly unchanged, with 48% preferring Democratic control and 46% preferring Republicans.

This evolving landscape of economic sentiment reflects broader trends in public opinion, deeply influenced by political divisions and feelings about the future of U.S. economic policy. For additional insights on financial trends, you can refer to the CNBC Pro LIVE event to hear from experts in the field.



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