US President Donald Trump’s approval rating has slipped to 39%, nearing its lowest level of his current term, as concerns over the economy weigh heavily on voters. A new Reuters/Ipsos poll shows declining confidence in Trump’s economic leadership, including among members of his own Republican Party.
The three-day survey ended on Sunday and reflects growing unease over inflation, cost of living, and economic uncertainty. Trump returned to office in January with stronger public support, but his popularity has gradually softened, especially on economic issues that were central to his election campaign.
Overall Approval Slides Despite Strong Republican Backing
According to the poll, 39% of US adults now approve of Trump’s overall job performance. This marks a decline from 41% earlier in December and is close to 38%, his lowest reading this year recorded in mid-November. Trump began his current term with a 47% approval rating, but that early boost has faded.
Support among Republican voters remains high. About 85% of Republicans approve of Trump’s overall performance, a figure that has remained stable in recent weeks. However, broader national approval has weakened as independent and undecided voters express frustration over economic conditions.
Political analysts say approval ratings often fluctuate, but economic confidence plays a decisive role. As daily costs remain high, voter patience appears to be wearing thin.
Economic Approval Hits Lowest Level of the Year
The sharpest decline is seen in views of Trump’s handling of the US economy. Only 33% of respondents said they approve of his economic management. This is the lowest economic approval rating Trump has received this year.
Even among Republicans, confidence has dipped. Approval of Trump’s economic handling among party supporters fell to 72%, down from 78% earlier in the month. This represents the weakest showing on the economy within his own base so far this year.
Economists say uncertainty has increased due to several factors. A recent government shutdown disrupted official economic data. At the same time, Trump’s renewed tariffs on imports have created unease among businesses. Many employers are believed to have slowed hiring in response to trade-related shocks and rising costs.
Inflation and Cost of Living Remain Key Concerns
Trump won the 2024 election largely on promises to fix the economy and rein in inflation, which surged under former Democratic President Joe Biden. However, inflation has remained stubbornly high during Trump’s term. Prices are hovering near 3%, above the 2% level considered healthier by policymakers.
Public frustration is especially visible in views on everyday expenses. Trump’s approval rating on the cost of living has dropped to 27%, down from 31% earlier in December. Rising food prices, housing costs, and energy bills continue to pressure household budgets.
The Reuters/Ipsos poll surveyed 1,016 adults nationwide and was conducted online. The margin of error is plus or minus three percentage points.
With economic worries dominating public opinion, analysts say Trump’s challenge will be restoring voter confidence ahead of key policy battles and future elections.
