A new poll from Reuters shows that the early optimism that greeted President Donald Trump's second term is quickly fading as consumers sour on the American economy.
According to Reuters, Trump's job approval fell by three points since the start of his second term a month ago, and he's being dragged down by perceptions of the economy, which was the issue that many political analysts believed put him over the top in the 2024 presidential election.
"The share of Americans who think the economy is on the wrong track rose to 53% in the latest poll from 43% in the January 24-26 poll," Reuters writes. "Public approval of Trump's economic stewardship fell to 39% from 43% in the prior poll."
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The decline in Trump's approval on the economy has come as inflation unexpectedly surged back to three percent during his first month in office, with the prices of key grocery staples such as eggs and coffee taking a particular toll on consumers' pocketbooks.
Additionally, the poll found that Trump's signature economic policy of slapping tariffs on imported goods had become unpopular, with 54 percent of respondents opposed and 41 percent of respondents in favor.