The study, which involved 1,699 U.S. adults, was conducted March 12-16. The results are quite clear.
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Only 27 percent respondents approve of the president's actions on fuel prices, and an almost identical percentage supports his approach to the cost of living. In both cases, the percentage of support is at a record low.
Overall confidence in Trump's economic policies dropped from 37% to 32% over the month, while disapproval increased from 57% to 61%.
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According to the authors of the survey, Such a low level of support for Trump on economic issues was not recorded even during the most difficult moments of the COVID-19 pandemic during his first term.
Rising fuel prices and the effects of the war with Iran
The survey appeared at a time when Americans are beginning to feel the economic effects of the conflict with Iran. The Strait of Hormuz, through which one fifth of the world's oil flows, has become a hotspot after Iran threatened attacks on ships and announced it would maintain the blockade.
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As a result, oil prices on world markets exceeded $100. per barrel for the first time in years. In the United States, the average price of gasoline is approaching $4. per gallon, an increase of 80 cents from the previous month.
Social mood and assessment of the economy
According to a Yahoo/YouGov survey, as much as 80 percent Americans, including 71 percent Republican, believes that gasoline prices are currently too high. More than two-thirds of respondents predict that fuel prices will continue to increase in the coming months, and 45 percent expects significant increases. Even among Republicans, more people expect prices to rise than fall.
Among people who notice the increase in gasoline prices, 60 percent points to Donald Trump as the person most responsible for this situation. Much fewer respondents blame Iran (13%) or oil companies (12%).
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The poll data also shows that a majority of Americans have a negative view of the overall health of the economy:
- 71 percent thinks the economy is in good or bad shape
- 75 percent claims to pay more for the same goods and services than a few years ago
- 61 percent believe that inflation is getting worse, and only 16 percent sees improvement
- 58 percent say the economy is getting worse, while 20 percent he thinks he's getting better
- 54 percent thinks the country is heading towards or already in a recession
Declining support for Trump's foreign policy
After three weeks of conflict with Iran, 55 percent Americans disapprove of the president's policy towards this country, while 36 percent expresses support.
The overall approval rating for Donald Trump's foreign policy has dropped from 39%. in January to 35 percent currently, and disapproval has increased to 56 percent.
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Trump's overall approval rating remains at 38%, with disapproval at 59%.
