TRUMP IN TROUBLE: 65% Blame Trump’s Policies for High Prices as Economic Approval Sinks Ahead of Midterms
A large majority of Americans say President Donald Trump’s policies are contributing to higher prices, while his approval ratings on the economy and cost of living have fallen to new lows, according to a new AP-NORC poll released just weeks before the November midterm elections.
The survey found that 65% of Americans believe higher-than-usual prices are the result of Trump’s policies, while just 17% approve of his handling of the cost of living. Only 26% approve of the president’s management of the economy overall.
The findings underscore the political challenge facing Trump and congressional Republicans as voters prepare to decide control of the House and Senate. Recent polling has consistently identified inflation, affordability and the broader economy as among the issues weighing most heavily on voters.
The nationwide AP-NORC Center for Public Affairs Research survey was conducted September 24 through September 28 among 2,140 adults. Interviews were conducted online and by telephone through NORC’s probability-based AmeriSpeak Panel. The poll has an overall margin of sampling error of plus or minus 2.9 percentage points.
Partisan differences remain pronounced. Among Republicans, 67% said elevated prices are primarily attributable to circumstances outside the president’s control rather than Trump’s policies.
The partisan response mirrors attitudes recorded during the Biden administration, although the overall numbers differ considerably. In October 2022, when inflation was a major political liability for President Joe Biden and Democrats, 44% of Americans said higher prices were the result of Biden’s policies. At the same time, 87% of Democrats said factors outside Biden’s control were responsible.
The latest survey suggests that dissatisfaction with Trump extends beyond Democrats and independents, particularly when respondents were asked whether his performance has lived up to what they expected after his return to the White House.
“Trump is also falling short of expectations on the cost of living, with 69 percent of the public saying his handling of the issue has been worse than expected, including 52 percent of Republicans,” noted the poll.
The public’s broader assessment of conditions in the country was similarly negative.
“More than half of adults say the country as a whole, the national economy, and their local economy are worse off since Trump was reelected in 2025,” it continued. “Forty-six percent say they and their families are worse off since the start of Trump’s second administration. Most Americans (73 percent) say the country is heading in the wrong direction, including 92 percent of Democrats and 47 percent of Republicans.”
The economic pessimism comes as Americans continue confronting elevated costs for gasoline, groceries, housing and services. Consumer confidence fell sharply in September, reaching its lowest level in more than a decade, while inflation and the cost of basic necessities continue to dominate voters’ economic concerns.
The latest employment figures have added another complication. The U.S. economy added only 29,000 jobs in September, substantially below economists’ expectations, while unemployment edged upward from 4.1% to 4.2%. Earlier employment estimates for July and August were also revised downward by a combined 60,000 jobs.
At the same time, inflation remains persistent. Consumer prices were 3.4% higher in August than a year earlier, while wage growth has slowed, increasing the pressure on households already concerned about affordability.
Trump and his allies have argued that the administration inherited significant economic problems and that its policies on energy, taxes, trade and deregulation will ultimately produce lower prices and stronger growth. The president has also increasingly focused his midterm campaign appearances on the economy and has argued that Republican control of Congress is necessary to carry out his agenda.
The AP-NORC results indicate, however, that many Americans are currently assigning responsibility for their economic frustrations directly to the White House.
The findings are particularly significant because Trump historically performed relatively strongly with voters on economic issues. His current 26% economic approval rating represents a substantial deterioration from earlier in his presidency and comes as Republicans defend narrow congressional majorities.
The poll also found considerable dissatisfaction with Trump’s trade policies. Sixty-eight percent disapprove of his handling of trade negotiations with other countries, while 58% say his performance on trade has been worse than they expected during his second term.
Trump’s aggressive use of tariffs is also unpopular with a majority of respondents. Sixty-four percent said the administration has gone too far in imposing new tariffs on foreign countries.
The president has defended tariffs as a tool for protecting American manufacturers, forcing trading partners to negotiate more favorable agreements and encouraging companies to move production to the United States. Critics have argued that tariffs can increase costs for American businesses and consumers when importers pass the added expense along through higher prices.
Immigration remains a comparatively stronger issue for Trump, although he is still underwater with the public. Thirty-nine percent approve of his handling of immigration, a figure that has remained relatively stable in recent surveys.
“About half (48 percent) say his handling of immigration has gone worse than expected, another quarter (23 percent) feel that it has gone better than expected,” the study added.
The administration’s handling of Iran is receiving even lower marks. Seventy-one percent of respondents said they disapprove of Trump’s handling of Iran, while 69% said the war with Iran has not been worth fighting.
Those numbers come as the administration continues a naval blockade intended to choke off Iranian oil revenue while simultaneously engaging Tehran through diplomatic channels in an effort to reach an agreement over the Strait of Hormuz and other outstanding issues.
Another finding that could concern the White House involves perceptions of Trump’s ability to fulfill his commitments. Only 17% of Americans said Trump keeps his promises. Among Republicans, 36% said he keeps them, while 48% said he tries to fulfill his promises but is unable to do so.
The economic concerns are also beginning to affect perceptions of the two major parties. A separate analysis of respondents from the same AP-NORC survey found registered voters now give Democrats an advantage over Republicans when asked which party they trust more to handle both the economy and the cost of living.
That advantage does not translate into broad enthusiasm for Democrats. The same survey found considerable distrust of both parties, with relatively few voters saying either Republicans or Democrats are focused on helping people like them or are capable of solving the country’s most important problems.
Other polling has likewise shown affordability becoming central to the midterm campaign. A recent Fox News survey found that roughly three-quarters of voters said inflation had caused them financial hardship, while 54% expected economic conditions to deteriorate further.
Republican leaders have acknowledged that the cost of living will be critical in the final stretch of the campaign. The GOP is attempting to increase turnout among Trump supporters while defending slim congressional majorities, and the president has begun an intensified campaign schedule aimed at mobilizing voters who turned out for him in presidential elections but have historically been less reliable in midterms.
Trump pushed back against unfavorable polling during a campaign appearance in Ohio, arguing that surveys do not adequately account for the effect of his personal campaigning and urging his supporters to approach November as though his own name were on the ballot.
The president’s overall approval numbers have varied considerably depending on the poll and methodology, with recent surveys placing him between the upper 20s and upper 30s. But across multiple surveys, concerns over inflation and affordability have emerged as a consistent vulnerability for the administration and Republicans heading into Election Day.
With less than a month remaining before voters cast their ballots, the AP-NORC survey suggests the political debate over the economy is increasingly centered on a straightforward question for Americans: whether their financial circumstances have improved since Trump returned to the White House. For nearly half of those surveyed, the answer about their own families was that they are worse off than when his second administration began.
