Trump’s approval rating in his second term has declined steadily through 2026, averaging in the mid-to-high 30s percent amid persistent economic pressures and foreign policy developments. Recent polls show readings near or below 34 percent, with net approval in negative territory, driven by voter concerns over inflation, tariffs, gas prices, and the ongoing conflict with Iran that began earlier in the year. Partisan polarization remains extreme, with Republican support eroding from earlier highs while Democratic disapproval stays near-universal. The 2026 midterms, scheduled for November, represent a key upcoming test that could further shape polling dynamics and trader assessments of whether ratings rebound or face additional downward pressure before year-end.