According to the latest survey results from Reuters/Ipsos released on May 13, the two-day survey showed that 44% of respondents approved of the way the Republican leadership operated, up slightly from 42% in the previous survey from April 25-27. The margin of error is 3 percentage points.
In particular, Trump's pro-capitality rate has also increased to 39%, from 36% previously.
Trump started his term as President with 47% support, but that number has fallen as he launched a trade war, especially with China, since taking office on January 20. Many economists at that time warned of the risk of recession, while the stock market was constantly shaking.
However, in recent weeks, President Trump has taken a warming-down move, declaring a reduction in tariffs on China. The S&P 500 stock index - the main gauge of the US market - has now risen about 17% compared to the bottom level set at the beginning of Trump's second term, when new tariffs were imposed.
Along with the market's recovery, public sentiment has also become more optimistic. The new survey shows that 69% of respondents said they were still worried about the risk of recession but had significantly decreased compared to 76% in the survey on April 16-21. The rate of people concerned about the stock market also decreased from 67% to 60%.
In recent statements, Mr. Trump continued to blame his predecessor Joe Biden for the economic problems that the United States has faced, especially inflation during Mr. Biden's term. However, by the end of Mr. Biden's term, inflation had cooled down, according to data released by the Labor Ministry on May 13.
A noteworthy point in the survey was that 59% of respondents said that if the US economy fell into recession this year, it would be Mr. Trump's fault, while only 37% blamed Mr. Biden.
In the context of Mr. Trump's trade policies still posing inflation risks, the economists continue to closely monitor the Executive moves from the White House. But clearly, voters' confidence is showing signs of returning.
