Almost 60% Americans believe that a recession is likely in the coming year. And a similar number of Americans are worried that the present trade war with China will be the cause of a price hike. All this has further dropped Trump’s approval by six points as disclosed by a poll carried out by ABC News and Washington Post.
Trump has come down from a 44% approval to 38% now. Thus his average rating since his oath-taking is at a record-breaking low for any modern president. And when he is compared with other presidents, he is the first to never have achieved majority approval.
Due to his poor handling of the economy Trump has slipped from 51% to 46% approval now. There are only 35% in favour of his handling of trade negotiations with China and 60% are concerned that the trade dispute will cause a price hike in every day commodities.
According to the Langer Research Associates the overall economy has gone down from 65% to 56%. Most ominously, 60 percent see a recession as very or somewhat likely in the next year. That’s within sight of the 69 percent who said so in November 2007, in advance of the Great Recession.
Trump is getting far more criticism than he deserves, for his economic stewardship. Americans by nearly a 3-1 margin, 43-16%, are of the opinion that his trade and economic policies have increased rather than decreased the chance of a recession in the next year.
There is a further sign of Trump’s political risk, as economic anxiety is nearly as high in the red states in which Trump won in 2016. Here also 58 percent see a recession as very or somewhat likely while in the blue states, it’s 63 percent. Most in the red states, almost 57 percent, are concerned that the trade dispute with China will raise the price of things they buy.