A new Reuters/Ipsos poll reveals that a majority of Americans, including one in three Republicans, believe President Donald Trump is implementing “erratic” economic policies, particularly through his imposition of tariffs on top trading partners, leading to market turmoil. While 44% of respondents approve of Trump’s performance as president, concerns are mounting over rising costs and the potential impact on the economy.

Trump’s tariffs on allies like Canada and Mexico, coupled with his wavering stance on trade issues, have unsettled Wall Street, with the S&P 500 losing over $3 trillion in value. Despite the market fluctuations, the White House defends Trump’s trade agenda, emphasizing the long-term benefits for the economy.

Inflation emerges as the top concern among poll respondents, with many urging Trump to prioritize addressing rising prices. The risk of a U.S. recession looms, with analysts warning of a 40% chance this year, escalating further if additional tariffs are imposed. While some Republicans support Trump’s economic vision, concerns persist among retirees and investors.

Democrats criticize Trump’s “chaotic” approach, attributing it to higher prices and uncertainty for consumers and businesses. The poll, conducted nationwide with 1,422 U.S. adults, underscores the divided perceptions of Trump’s economic policies and their potential long-term implications on the economy.