Trump’s approval rating has hovered near record lows around 31-36 percent in late 2026, weighed down primarily by sustained voter discontent over the cost of living, inflation, and gas prices following the U.S.-Iran conflict that began in February. Recent Reuters/Ipsos and Economist/YouGov surveys show only 21-25 percent approval on economic stewardship and cost-of-living issues, compared with modestly higher marks on immigration. The November 3 midterm elections delivered a major setback for Republicans, with Democrats gaining control of both chambers amid widespread economic dissatisfaction. Post-election polling has shown little immediate rebound, with partisan divides remaining sharp and independents especially negative. Divided government and any further economic or foreign-policy developments could shape whether ratings stabilize or reach new lows before year-end.