President Donald Trump’s approval rating has crashed to the lowest point of his current presidency, while Americans increasingly turn against his handling of the Iran war and the economy.
And that’s not the only problem for Trump.
A new Reuters/Ipsos poll found that most Americans believe Trump and his family have inappropriately profited from cryptocurrency since he returned to office, while a majority also believe his policy decisions are influenced by his business dealings.
The numbers paint a brutal picture for a president who returned to the White House promising to fix the economy, bring down prices and avoid getting the United States trapped in another prolonged war.
Instead, Trump is watching his approval rating sink as Americans grow increasingly unhappy with where his presidency is headed.
Just 33% of Americans approve of Trump’s performance in the White House, while 64% disapprove, according to the Reuters/Ipsos poll conducted over four days this week.
Trump’s approval rating fell from 35% in an earlier poll and is now the lowest of his current presidency.
It also matches the lowest approval rating of his first term, recorded in December 2017.
That’s a remarkable drop for a president who returned to office in 2025 with approval from just under half the country.
And the polling suggests that several of Trump’s biggest political liabilities are converging at once.
Americans are rejecting Trump’s Iran war
Trump campaigned on keeping America out of prolonged foreign wars.
Instead, he ordered strikes on Iran on behalf of Israel, triggering a conflict that has disrupted a major portion of the global oil trade and pushed gasoline prices higher.
Trump initially suggested the war would last only a few weeks. But it has dragged on with no end in sight.
Eight in 10 Americans—80%—believe U.S. involvement in Iran will continue for an extended period of time.
That includes 87% of Democrats and, notably, 71% of Republicans.
Only 16% of Americans believe the conflict is likely to end within a few weeks.
The disconnect between Trump’s promises and public expectations is becoming hard to ignore.
Trump told a rally in Garden City, New York, on Friday that paying “a tiny little bit more for your gasoline” is worth it if it prevents what he called a “very evil country” from obtaining a nuclear weapon.
But the public isn’t exactly lining up behind that argument.
Only one in five Americans said the war has been worth it.
Even among Republicans, only about half believe it has been worth the cost.
The economic argument is slipping away, too
The Iran war is colliding with another problem Trump has struggled to solve: the economy.
Trump returned to office promising to tackle inflation and make life more affordable for Americans.
But gasoline prices are rising as the conflict disrupts global oil supplies, putting additional pressure on household budgets.
And voters are beginning to give Democrats an edge on the economy.
Reuters/Ipsos polling this month found that voters now prefer Democrats over Republicans on the economy for the first time in roughly a decade.
In the latest poll, 38% said Democrats would handle the economy better, compared with 35% who preferred Republicans.
Democrats are also viewed as better equipped to deal with the cost of living.
For Trump, that’s a particularly unwelcome development heading into the midterm elections.
Most Americans think Trump has profited from his presidency
Then there’s the issue that could make Trump’s political problems even more personal.
A majority of Americans believe Trump and his family have inappropriately profited from cryptocurrency since his return to the White House, according to the Reuters/Ipsos poll.
A majority also believe Trump’s policy decisions are influenced by his business dealings.
That’s significant because Trump’s return to power has coincided with an expansion of his family’s cryptocurrency business interests.
The polling suggests that many Americans aren’t simply judging Trump’s policies on whether they work.
They’re also questioning whether the president’s personal financial interests are influencing the decisions he makes from the White House.
That perception could become particularly damaging as Trump continues arguing that his economic policies are designed to benefit ordinary Americans.
Republicans are losing ground on immigration, too
Immigration remains one of Trump’s strongest issues, but even there, Republicans’ advantage has narrowed dramatically.
About 40% of registered voters said Republicans have the better approach to immigration, compared with 38% who chose Democrats.
That’s only a 2-point Republican advantage.
In January 2025, Republicans held a massive 26-point advantage on the issue.
Trump’s administration has overseen a sharp decline in border crossings and launched an aggressive immigration crackdown.
But deadly confrontations and a growing number of detainees—including children—have generated new political problems for the administration.
The midterms are approaching
All of this is happening with the November 3 midterm elections looming.
Republicans are trying to defend their narrow majority in the House, while Democrats increasingly see an opportunity to compete for control of the Senate as well.
Trump’s approval rating is now underwater by a staggering margin: 64% disapprove compared with just 33% who approve.
Americans are increasingly skeptical that the Iran war will end anytime soon. They’re feeling the impact of higher gasoline prices. Democrats are gaining ground on the economy. And a majority believe Trump and his family have improperly profited from cryptocurrency while also believing his business interests influence his policy decisions.
That’s a lot for one White House to defend.
Trump has spent much of his presidency telling Americans that his policies will make their lives better.
The latest polling suggests a growing number of Americans believe it has made their lives worse.
And with the midterms just months away, Trump’s falling approval rating could become a problem not just for the president, but for every Republican running on his record.
