#economy
3 entries with this tag
Trump Posts "MY REAL POLL NUMBERS ARE THE HIGHEST THEY HAVE EVER BEEN" on the Same Day His Approval Hit a Record Low — Worse Than His Post-January 6th Numbers
On the morning of June 24, 2026, Trump posted to Truth Social: "MY REAL POLL NUMBERS ARE THE HIGHEST THEY HAVE EVER BEEN. THANK YOU!!! President DJT." He cited no poll. The actual polling, released the same week, showed the opposite: a Reuters/Ipsos survey put his approval at 34% (64% disapprove); Economist/YouGov had him at 39% (58% disapprove); American Research Group found a new low of 30%; and Marist found just one-third approve of his handling of the economy, his worst ever in that poll. The RealClearPolitics average for May 29–June 23 was 40.4% approve / 57.7% disapprove — lower than the 41.1% he averaged during his final ten days in office at the end of his first term, in the aftermath of the January 6th Capitol riot. The only favorable number was a single outlier Daily Mail poll at 47%. The decline tracks almost perfectly with economic anxiety over tariff-driven price increases, five months before the November midterms. It is at least the second time Trump has declared "highest ever" poll numbers without evidence — he made the same claim in November 2025.
Supreme Court Strikes Down IEEPA Tariffs 6-3
The Supreme Court ruled 6-3 that Trump lacked authority to impose tariffs under IEEPA, with Chief Justice Roberts writing he lacked "peacetime authority" to tax. Over $130 billion had already been collected.
Tariff Trade War Economic Damage
Trump's tariffs constituted the largest U.S. tax increase as a percentage of GDP since 1993, costing average households $1,500/year. The U.S. lost the equivalent of 2,800 factories. The Supreme Court ruled his tariff authority was unauthorized.