Inflation Anger Hits the White House: Trump's Economic Net Approval Sinks to Record -34A · FULL TRANSLATION
- Economist/YouGov poll puts Trump's economic net approval at minus 34, a record low
- Ninety percent of respondents report gasoline and food price increases over the past year
- 59% expect Iran strikes to raise gas prices; 53% say the attack was not worth the cost
American voters' patience with inflation is bottoming out in the polls. The Economist/YouGov survey shows Trump's net approval on the economy at minus 34 points, a record low, with overall approval at 35%. Prices are the detonator: 90% report gasoline and food increases over the past year. The geopolitical backfire compounds it - 59% expect the Iran strikes to lift gas prices and 53% call the cost not worth it. For markets, a government with cratering approval tends toward aggressive short-term fixes: pressuring the Fed, releasing reserves, tariff swings - raising policy surprise risk. For Japan and Taiwan, US politics before the midterms becomes less predictable on trade demands and Middle East policy. Reading US polls as a leading market indicator is the homework of this era.
The Economist and YouGov published a US opinion poll on June 9 showing President Trump's net approval on economic handling at minus 34 points, a record low, declining alongside rising inflation concerns. Ninety percent said gasoline prices rose over the past year (76% sharply), with food at 90%, housing 68% and autos 64%. Trump's overall approval held at 35% with 60% disapproval. A separate Reuters/Ipsos poll in early June found 59% expect the Iran strikes to push gasoline prices higher, and 53% said the costs of the attack were not worth it, including 83% of Democrats and 54% of independents.