President Donald Trump’s handling of the economy is under scrutiny as a new Reuters/Ipsos poll reveals dwindling approval ratings from Americans. Initially elected with promises to combat inflation and revitalize the U.S. economy, Trump’s aggressive economic agenda, including trade wars and pressure on the Federal Reserve, has sparked concerns among the public. Only 37% of respondents approve of his economic management, a significant drop from earlier in his term.

The poll indicates widespread worries about a looming recession, with three-quarters of respondents expressing concerns. Trump’s unpredictable economic policies, such as tariffs and threats to the Federal Reserve, have contributed to market instability and investor anxiety. The benchmark S&P 500 stock index has fallen, and consumer prices are on the rise, exceeding the Federal Reserve’s target.

Despite some support for Trump’s stance on immigration and a perceived unfair advantage taken by other countries in global affairs, a significant portion of Americans, including Republicans, are uneasy about their financial future. The poll also highlights concerns about the Social Security system’s reliability and the overall direction of living costs.

While Trump maintains an overall approval rating of 42%, buoyed by Republican support and backing for his immigration policies, there is growing skepticism about his economic decisions. Experts warn of potential further economic deterioration if current trends persist. As the nation navigates these economic challenges, the public remains divided on the effectiveness of Trump’s economic strategies and the impact on their financial well-being.