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Trump’s Approval Hits Record Low as 78% Say He’s Neglecting Inflation

July 29, 2026
06:52 AM
3 min read

Key Points

Trump's approval rating fell to 34-35%, a record low, as 78% of Americans say his administration neglects inflation.

Only one in three Americans support the Iran war, with 67% wanting it to end immediately.

Republicans hold a narrow 219-213 House majority with fewer than 100 days until midterms.

Democrats are widely favored to win back the House despite Republicans gaining a 2-point edge on Iran handling.

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President Donald Trump’s approval rating has plummeted to a record low of 34 to 35 percent, according to the Economist/YouGov and Pew Research Center polls released July 28. The collapse reflects voter anger over inflation and the unpopular Iran war. With fewer than 100 days until the midterm elections, Republicans are scrambling to hold their narrow 219-213 House majority as Democrats are widely favored to win the chamber.

Inflation concerns dominate voter frustration

A new CBS News and YouGov poll shows 78 percent of Americans say the Trump administration is not focused enough on lowering prices, up from the mid-60s range earlier in his second term. The figure includes 85 percent of independents and 58 percent of Republicans. The finding represents a new high for Trump’s second term, signaling that inflation remains the single most important issue to voters heading into the midterms.

Approval rating collapses across all demographics

The Economist/YouGov poll conducted July 25-27 found Trump’s net approval rating at negative 25, a career low. His approval stands at 34 percent with 62 percent disapproving. Among Republicans, his net approval is plus 64, but he trails by 92 points among Democrats and 53 points among independents. College graduates disapprove by 35 points, while his net approval among Black voters sits at negative 62.

Iran war and gas prices weigh heavily

An estimated one in three Americans support the U.S. war in Iran, the lowest rating recorded. Around 67 percent of Americans want the conflict to end now, according to CBS News polling. The Economist reports 60 percent of Americans think the Trump administration is spending too much money on the war. Rising gas prices and persistent inflation have eroded Trump’s standing since spring.

Republicans attempt tariff messaging despite economic headwinds

The National Republican Congressional Committee launched digital ads on July 28 targeting vulnerable House Democrats in 15 districts across California, Maine, Michigan, Missouri, Nevada, Ohio and Pennsylvania. The ads link Democratic opposition to Trump’s tariffs with support for China, though Democrats argue the tariffs increase consumer costs. Republicans hold a narrow majority but face deep structural disadvantages with Trump’s low approval ratings and voter anxiety about the economy.

Final Thoughts

With Trump’s approval at a record low and inflation dominating voter concerns, Republicans enter the final stretch of the midterm campaign facing steep headwinds. The party’s narrow House majority appears vulnerable as Democrats are widely favored to win back the chamber.

FAQs

Why is Trump’s approval rating at a record low?

Voters are frustrated with inflation, the unpopular Iran war, and rising gas prices. A CBS News poll shows 78% say his administration neglects lowering prices.

What percentage of Americans support the Iran war?

Only about one in three Americans support the U.S. war in Iran, the lowest rating recorded since the conflict began in late February.

How many days until the 2026 midterm elections?

Fewer than 100 days remain before the November 2026 midterm elections. Republicans hold a 219-213 House majority.

What is Trump’s net approval rating among Republicans?

Trump’s net approval among Republicans is plus 64, but he trails by 92 points among Democrats and 53 points among independents.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.

About Author

Author

Danny Kontos

Co Founder

Danny Kontos has been a stock investor since 2007 and co-founded Meyka in 2023. He keeps a small, focused portfolio and only moves when the numbers are hard to argue with. He has waited years on a single position before. Before Meyka, he ran a web hosting company and a mortgage lending platform, so he knows what a well-run business actually looks like under the hood. This article did not come from a news cycle. It came from someone who has been watching this space for a long time.

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