Trump's Economic Approval Slips Amid Growing Parity with Democrats on Inflation
According to the April 2025 Voter Omnibus survey from digital monitoring firm Echelon Insights, both Donald Trump and the Democratic Party now share equal footing on a critical economic issue. When asked about "inflation and the cost of living," 43% of respondents expressed approval for both Trump and Democrats—a significant shift in voter sentiment.
The poll also revealed a broader decline in Trump's overall approval rating, with 51% of voters disapproving of his performance and only 47% approving. These numbers arrive just four months into his second term, a period often referred to as the presidential “honeymoon phase.”
On trade policy, skepticism also appears to be mounting. Nearly half of respondents (48%) said they believe Trump lacks a clear plan and end-goal for tariffs, compared to 42% who believe he does.
This marks a change from February, when a Pew Research Center report showed that 73% of Republicans and Republican-leaning independents expected economic improvement within a year of Trump’s return to the White House. A 2024 Gallup survey identified the economy as the most important issue for voters in that election, suggesting ongoing challenges for House Republicans as they prepare for the midterms—especially if economic concerns remain top of mind.
Former Vice President Kamala Harris, who lost the November election, had trailed Trump on economic trustworthiness weeks before the vote. At the time, 54% of voters said they believed Trump was better equipped to handle the economy, compared to 45% for Harris.
CJ Warnke, Communications Director for House Majority PAC, shared the Echelon Insights results on X (formerly Twitter), noting that they align with a growing trend across multiple recent polls. “Consistently show[ing] Trump's Econ approval sinking lower and lower,” Warnke wrote, citing figures from other major surveys: CBS/YouGov (-12%), Fabrizio Ward (-8%), Navigator Research (-13%), Morning Consult (-3%), and Economist/YouGov (-10%).
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