President Donald Trump‘s approval rating has fallen significantly, according to a new Economist-YouGov poll tracking voters’ frustration with the president on the economy and inflation.

Just 43% of participants in the survey had a favorable rating of the president, while 54% had an unfavorable approval rating.

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On Trump’s handling of the economy, which was rocked by his tariff policy announced last week, 41% of participants approved while 51% disapproved of the president.

When asked about the “reciprocal” tariffs and Trump’s 10% baseline tariffs against most U.S. trading partners, only 36% of participants approved, and 52% disapproved.

The poll was conducted April 5-8, days after Trump announced the new tariff policy at a “Liberation Day” White House event. He polled best on his handling of immigration.

Trump campaigned to reignite a sluggish economy that was suffering from high grocery and gas prices.

However, some experts have predicted that if the tariff policy continues, it could lead to higher prices for the average American consumer, an uncertain stock market, and a possible recession.

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The Economist-YouGov poll results were similar to a RealClearPolitics poll composite that showed Trump at a 47.5% approval rating and a 49.9% disapproval rating.

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A Reuters-Ipsos poll released last week showed Trump at a 42% favorable rating and a 52% unfavorable rating. Even a survey from Rasmussen Reports, a right-leaning company, showed Trump with a 47% approval rating and 52% disapproval rating.

Trump’s sagging approval numbers could be a warning sign for the GOP ahead of the 2026 midterm elections after Trump helped the GOP flip the Senate in 2024 and keep control of the House.