New high in US stocks fails to save public opinion: Trump's approval rating drops to a low during his term, Republican base loosening

BlockBeats News, January 22 — Despite the continued rise of the US stock market in Trump’s second term’s first year, his political support has noticeably declined. The latest polls by The Economist and YouGov show that Trump’s current approval rating is only 37%, with 57% disapproval, resulting in a net support of -20%, the lowest in his second term.

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

In terms of monetary policy, the public clearly trusts the Federal Reserve more than the White House. 44% of voters trust Powell to set interest rates, compared to only 18% who trust Trump, indicating widespread skepticism about White House interference in monetary policy.

Geopolitical issues are also dragging down public opinion. Whether it’s “purchasing or forcibly acquiring Greenland” or taking military action against Venezuela, both are opposed by the majority of voters. Analysts point out that the stock market’s prosperity has not translated into political capital, and price pressures along with diplomatic uncertainties are becoming the core reasons for Trump’s support rate decline.