Trump’s Approval Drops Amid Economic Concerns and Tariffs

Mar. 13, 2025, 10:18 am ET

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30-Second Take

  • President Trump’s approval rating has dropped due to economic concerns and tariff policies.
  • Younger voters are increasingly dissatisfied with President Trump’s performance, especially on economic issues.
  • President Trump’s handling of the economy is seen as a key vulnerability in his second term.

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Quick Brief

2-Minute Digest

Essential Context

As President Trump reaches his first 50 days in office for his second term, his approval rating has seen a decline. The latest polls indicate a significant drop in approval, particularly among younger voters and on economic issues. President Trump’s current job approval stands at 47%, with a disapproval rating of 45%.

Core Players

  • Donald Trump – President of the United States
  • JD Vance – Vice President of the United States
  • Elon Musk – Head of the Department of Government Efficiency
  • U.S. Congress – Legislative body influencing economic policies

Key Numbers

  • 47% – President Trump’s current job approval rating
  • 45% – President Trump’s current job disapproval rating
  • 48% – Disapproval rate for President Trump’s handling of the economy
  • 39% – Percentage of voters who think their finances are worse off than a year ago
  • 53% – Percentage of voters who believe increasing tariffs will hurt the US economy

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The Catalyst

The decline in President Trump’s approval rating is largely attributed to his handling of the economy. Economic concerns, including the impact of tariffs on Canada and Mexico, have unsettled financial markets and heightened worries about inflation and a possible recession.

“I don’t perceive that at all. I believe this nation is poised for a significant upswing,” President Trump said, despite public sentiment indicating otherwise.

Inside Forces

President Trump’s economic policies, particularly the imposition of tariffs, have been a point of contention. A plurality of voters (46%) believe these policies are making the economy worse, while 28% think they are making it better. The tariffs have also led to significant dissatisfaction among younger voters, with their approval of President Trump plummeting by 18 points.

The Republican Party, while holding a narrow favorability edge over the Democrats, faces challenges, especially among Hispanic voters who view the Republican Party slightly more favorably than the Democratic Party.

Power Dynamics

President Trump’s support remains strong among his base, with 75% of President Trump’s voters thinking he is doing better than expected. However, his disapproval is highest on economic issues, with 48% disapproving of his handling of the US economy.

The Democratic Party faces greater backlash, with a lower favorability rating of 29% compared to the Republican Party’s 39%.

Outside Impact

The economic concerns and tariff policies have broader implications, affecting not only domestic markets but also international trade. The consumer price index, while recently showing a lower-than-expected figure, remains a pivotal factor in President Trump’s political future.

Stakeholders, including consumer advocacy groups, express concerns about reduced oversight and potential economic downturns.

Future Forces

Looking ahead, the economy continues to be the top concern for voters at 41%. President Trump’s ability to address these economic issues will be crucial for his political future.

Key areas for potential reform include antitrust enforcement, labor regulations, e-commerce platform rules, and data privacy requirements.

Data Points

  • March 8-10, 2025: Emerson College Polling national survey conducted
  • March 6-9, 2025: CNN national survey on economic approval
  • 44% – President Trump’s economic approval rating in the CNN survey
  • 56% – President Trump’s economic disapproval rating in the CNN survey
  • 39% – Percentage of voters who think their finances are worse off than a year ago

The ongoing dissatisfaction with President Trump’s economic policies and the broader economic landscape suggests that addressing these concerns will be critical for his administration’s success. As the economy remains a top issue for voters, President Trump’s ability to navigate these challenges will shape his political future.