- A new Economist/YouGov poll reveals that public approval of Donald Trump's handling of the economy has fallen to a new low, with only 29 per cent of Americans approving and a significant 63 per cent disapproving.
- Trump's net approval rating on economic matters is now negative 34 per cent, representing the lowest point recorded across both of his presidential terms, a stark contrast to his first term where approval generally exceeded disapproval.
- Americans are facing considerable financial strain due to rising living costs, including an annual inflation rate that climbed to 3.8 per cent in April, alongside increases of 3.8 per cent in energy costs and 0.5 per cent in food prices from March.
- The Iran war, initiated in late February, is identified as a key contributor to escalating fuel costs, with average gas prices surging from approximately $2.98 to over $4.50 a gallon in May, currently averaging around $4.16.
- Public discontent with Trump's economic management, particularly concerning the cost of living, is so pronounced that his approval ratings on this issue are worse than those of Joe Biden when he left office, with 70 per cent disapproving compared to Biden's 63 per cent.
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