The majority of Americans have disapproved Trump’s economic control amid the stock market turmoil, polls show.
President Donald Trump’s economic handling is facing a fierce pushback from Americans amid growing fears of wild shaking and recession in the stock market, a new vote shows.
In a CNN/SSRS poll released Wednesday, 56% of respondents said they were disapproved of Trump’s economic management.
The polls have better news for Trump on the issue of immigration in his other signatures, with 51% of respondents expressing support for his strict enforcement policy.
Also, a Reuters/Ipsos poll released Wednesday found that 57% of Americans consider Trump’s economic policies “too unstable.”
Trump’s overall approval rates in CNN and Reuters polls were 45% and 44%, respectively.
The result is as Trump’s announcements on tariffs shook the market and are harboring tensions with trading partners, including major US allies.
The Benchmark S&P 500 has lost more than $3 trillion since its peak in February as investors struggle to understand the US President’s “America-First” economic agenda.
On Wednesday, the Trump administration imposed a 25% tariff on all steel and aluminum imports, prompting retaliation from Canada and the European Union.
The latest tariffs came after Canada threatened Canada with a 50% obligation on steel and aluminum a day ago, before turning the course back, after Ontario agreed to suspend additional fees for electricity exports to some US provinces.
Earlier this week, Trump, who refused to rule out a possible recession this year, reduced stock market turmoil as a temporary blip in his entourage to a stronger economy.
“I think this country is going to be a boom, but like I said, I can do it in an easy or difficult way,” Trump told reporters Tuesday.
“The hard way to do that is exactly what I do, but the results are 20 times bigger.”