Trump’s approval rating sits near second-term lows around 35-39 percent as of early August 2026, with disapproval near 60 percent across multiple polls, driven primarily by voter concerns over the economy, inflation, and cost of living. Ongoing military operations in Iran have sustained negative sentiment on foreign policy, while the approach of the November 2026 midterms amplifies scrutiny of legislative and executive actions. Recent polling shows little movement from spring and summer levels, with economic approval particularly weak. Scheduled events including congressional votes, potential policy announcements, and campaign activity in battleground states could shift numbers before year-end, though entrenched partisan divides limit broad rebounds. Traders assess these dynamics when evaluating the floor for ratings through December.