(Reuters) The approval index of President Donald Trump rose this week because the Americans worried less about their management of the economy and the perspectives of a recession, according to a reuters/Ipsos survey that closed this Tuesday.
The survey, which lasted two days, showed that 44% of respondents approved the management of the Republican leader, compared to 42% of a previous reuters/Ipsos survey held between April 25 and 27. The survey had an error margin of 3 percentage points.
The approval of Trump’s economic management increased from 36% to 39%.
Trump began his mandate with an approval index of 47% and saw his popularity to fall as the Americans cared about a series of commercial wars that he launched since he assumed the position on January 20.
Trump’s decisions to increase tariffs at historical levels over the main commercial partners, especially China, promoted falls in stock markets while economists predicted that a recession was coming.
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In recent weeks, Trump has softened his most drastic trade measures and announced Monday morning that he would drastically cut tariffs on China.
The S&P 500 reference stock index has risen approximately 17% since its lowest closure of the second Trump administration, reached shortly after widely revealed tariffs.
Among the public, concerns for the recession have also decreased, but they are still high.
About 69% of respondents in the new survey were worried about a recession, compared to 76% of a reuters/Ipsos survey held between April 16 and 21. The percentage of those who expressed concern for the stock market decreased from 67% to 60%.
Trump has declared that the guilt of the country’s economic problems should fall on former president Joe Biden, his Democratic predecessor. Inflation shot during the presidency of Biden in the midst of the world economic chaos caused by the Covid-19 pandemic, but labeled towards the end of his mandate.
Annual rate inflation cooled in April, according to data from the Labor Department published on Tuesday, although economists continue to warn that Trump’s commercial actions will probably boost prices later in the year.
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In the Reuters/Ipsos survey, 59% of respondents said it would be Trump’s fault if the economy falls into recession this year, compared to 37% who said it would be Biden’s fault.
The Reuters/Ipsos survey, carried out at the national online in the US, surveyed 1,163 people.
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