TTrump’s Approval Ratings Drop Over Tariffs
Donald Trump’s handling of tariffs is receiving more negative feedback, though immigration remains a strong point, according to a poll by the Associated Press-NORC Center for Public Affairs Research.
The survey shows that about half of U.S. adults approve of Trump’s immigration policies, while only 4 in 10 support his approach to the economy and trade.
While many Americans back Trump’s efforts to ramp up deportations and limit immigration, his tariff threats are causing concern. These measures have led to declining consumer confidence and volatile stock market fluctuations, potentially undermining his advantage on issues central to his 2024 campaign.
In contrast, the economy was a major challenge for President Joe Biden, whose approval on economic handling dropped to about 30% in 2023. Trump gained significant support from voters prioritizing economic issues, though a recent AP-NORC poll indicated limited confidence in his ability to lower prices during his first year in office.
Overall, the survey shows more negative than positive views of Trump’s job performance, with 4 in 10 Americans approving and more than half disapproving.
Wall Street Braces for Global Sell-off
Wall Street is poised to join the global sell-off when trading opens, with growing investor anxiety over Trump’s planned tariffs, set to be announced Wednesday.
Raffi Boyadjian, lead market analyst at XM, notes that hopes for milder tariffs were dashed after Trump reaffirmed his commitment to import levies aimed at “making America great again.” As the White House prepares to unveil the most extensive tariffs yet, there’s rising concern in the markets about their scale and impact.
For more on market reactions, check our business blog.
Goldman Sachs Raises U.S. Recession Risk to 35%
Goldman Sachs has raised the probability of a U.S. recession to 35% from 20%, predicting more rate cuts by the Federal Reserve. The bank also lowered its 2025 GDP growth forecast to 1.5% from 2.0% as Trump’s tariffs disrupt the global economy and financial markets.
Trump confirmed that his forthcoming reciprocal tariffs would apply to all countries.Trump’s Approval Ratings Drop Over Tariffs
Donald Trump’s handling of tariffs is receiving more negative feedback, though immigration remains a strong point, according to a poll by the Associated Press-NORC Center for Public Affairs Research.
The survey shows that about half of U.S. adults approve of Trump’s immigration policies, while only 4 in 10 support his approach to the economy and trade.
While many Americans back Trump’s efforts to ramp up deportations and limit immigration, his tariff threats are causing concern. These measures have led to declining consumer confidence and volatile stock market fluctuations, potentially undermining his advantage on issues central to his 2024 campaign.
In contrast, the economy was a major challenge for President Joe Biden, whose approval on economic handling dropped to about 30% in 2023. Trump gained significant support from voters prioritizing economic issues, though a recent AP-NORC poll indicated limited confidence in his ability to lower prices during his first year in office.
Overall, the survey shows more negative than positive views of Trump’s job performance, with 4 in 10 Americans approving and more than half disapproving.
Wall Street Braces for Global Sell-off
Wall Street is poised to join the global sell-off when trading opens, with growing investor anxiety over Trump’s planned tariffs, set to be announced Wednesday.
Raffi Boyadjian, lead market analyst at XM, notes that hopes for milder tariffs were dashed after Trump reaffirmed his commitment to import levies aimed at “making America great again.” As the White House prepares to unveil the most extensive tariffs yet, there’s rising concern in the markets about their scale and impact.
For more on market reactions, check our business blog.
Goldman Sachs Raises U.S. Recession Risk to 35%
Goldman Sachs has raised the probability of a U.S. recession to 35% from 20%, predicting more rate cuts by the Federal Reserve. The bank also lowered its 2025 GDP growth forecast to 1.5% from 2.0% as Trump’s tariffs disrupt the global economy and financial markets.
Trump confirmed that his forthcoming reciprocal tariffs would apply to all countries.