Trump's economic policy: Americans are losing trust!

Trump's economic policy: Americans are losing trust!

The economic situation in the USA under President Donald Trump is becoming increasingly critical. Recent polls show that only 34 percent of Americans approve of his approach to inflation and the cost of living, while 62 percent disapprove. Trump's overall approval rating for his economic policies is 42 percent, resulting in a net approval rating of -13 points. This is the lowest number in CNBC polls during Trump's time in office, as the Mercury reported.

The current economic uncertainty is also reflected in workers' worries: more than a quarter are afraid of losing their job within a year, which is the highest level since 2022. Only 32 percent of those surveyed believe that the economic situation will improve by 2026, while 46 percent expect it to worsen. Inflation rose to 2.9 percent in August and the unemployment rate is now at 4.3 percent, its highest level in four years.

Setbacks caused by Trump's economic policy

Trump's economic policies, particularly his tariff policies, are increasingly viewed as problematic. This has not only worsened the mood among consumers and companies, but has also presented international companies with significant challenges. The ZDF today reports a broad decline in consumer sentiment, which has reached its lowest level in three years since Trump took office. Prices for vegetables and meat have risen sharply, influenced by import tariffs and rising purchasing costs.

Additionally, the stock market has experienced significant fluctuations. The S&P index lost over 13 percent of its value in April 2025, one of the sharpest declines in a long time. Economic institutes had to adjust their forecasts and the International Monetary Fund (IMF) reduced growth for 2025 from the previous 2.7 percent to just 1.9 percent.

Labor market figures and their effects

The labor market figures are also disappointing: only 73,000 new jobs were created in July 2025, of which the forecast was 110,000. The revision of the June figures fell from 147,000 to just 14,000 new jobs. This highlights the economic pressures the US economy is currently facing. Loud daily news Economists warn of a structural weakening of the economy, which is particularly exacerbated by trade conflicts.

To aggravate the situation, Trump fired the head of the Bureau of Labor Statistics over allegations of manipulating labor market figures. These decisions contribute to uncertainty and influence trust in political institutions, which could have a negative impact on the economy. Meanwhile, the US Federal Reserve is keeping its key interest rate at 4.25 to 4.50 percent in order to monitor the effects of Trump's tariff policy.

Overall, Trump faces the challenge of restoring trust in his economic policy. The drop in approval could also impact his support in other policy areas. The further course of the US economy remains to be seen. The complicated situation may require fundamental considerations about the country's future economic direction.