US Stock Market Highs Fail to Boost Public Opinion: Trump’s Approval Rating Drops to Lowest Point of His Term, Republican Base Shows Signs of Weakening

BlockBeats News, January 22 — Although the US stock market continued to rise in the first year of Trump’s second term, his political support has significantly declined. The latest poll by The Economist and YouGov shows Trump’s current approval rating is only 37%, with a disapproval rate of 57%, resulting in a net approval of -20%, a new low for his second term.

It is worth noting that there are also signs of wavering within the Republican Party, with intra-party support dropping from 88% to 79% within a week. Most voters attribute their dissatisfaction to tariffs driving up inflation and living costs, with 69% of respondents believing tariffs directly increase their expenses.

On monetary policy, the public clearly trusts the Federal Reserve more than the White House. 44% of voters trust Powell to set interest rates, while only 18% trust Trump, reflecting widespread concerns about White House intervention in monetary policy.

Geopolitical issues are also dragging down public opinion. Whether it is “purchasing or acquiring Greenland by force” or taking military action against Venezuela, both are opposed by the majority of voters. Analysis points out that stock market prosperity has not translated into political capital; price pressures and diplomatic uncertainty are becoming the core reasons for the decline in Trump’s approval rating.