Trump's Approval Plummets Amid Rising Costs and Ongoing Iran Conflict

Apr 29 2026

President Donald Trump’s approval rating has reached a new low, with only 34% of Americans expressing satisfaction with his performance, according to a recent poll conducted by Ipsos. This decline comes as public sentiment shifts regarding his management of the economy and the ongoing conflict with Iran.

The four-day survey, which concluded on Monday, reflects a drop from 36% in a previous poll conducted between April 15 and 20. Notably, the majority of responses were collected before a shooting incident at the White House Correspondents’ Association dinner, where Trump was scheduled to speak. The shooter was apprehended before entering the venue, and federal prosecutors have charged him with attempted assassination.

Since taking office in January 2025, Trump’s approval ratings have steadily declined from an initial 47%. The recent military actions against Iran, initiated on February 28, have significantly impacted public perception, particularly as gasoline prices have surged over 40%, now averaging around $4.18 per gallon. Only 22% of respondents approved of Trump’s handling of cost-of-living issues, down from 25% previously.

The spike in fuel prices is straining American households and raising alarms among Republicans about potential losses in the upcoming midterm elections. While 78% of Republicans still support Trump, a notable 41% disapprove of his economic management.

Independent voters, crucial for the midterms, currently favor Democrats by a margin of 14 points—34% to 20%—with one-quarter still undecided. Trump’s promises to lower prices after years of inflation under his predecessor, Joe Biden, seem increasingly distant as his economic approval rating stands at just 27%, lower than any point during his previous term.

Despite a recent ceasefire in the U.S.-Iran conflict, threats from Iran continue to disrupt oil shipments from the Persian Gulf, exacerbating energy price increases as reserves dwindle. The poll indicates that only 34% of Americans support the U.S. involvement in the conflict with Iran, a decrease from 36% in mid-April and 38% in mid-March.

During his first term, Trump’s approval ratings often hovered around 40%. The current figure is slightly above the lowest point of his first term, which was recorded at 33%. The Ipsos poll surveyed 1,269 U.S. adults, including 1,014 registered voters, with a margin of error of 3 percentage points.

As economic pressures mount and public opinion shifts, the implications for Trump and his party could be significant as they approach the November elections.

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