Recent polling shows President Trump's approval rating hovering in the low-to-mid 30s, pressured by voter dissatisfaction with inflation, cost-of-living increases, and the economic fallout from the ongoing conflict with Iran, including elevated energy prices. Republican support has softened notably on economic management, while overall confidence in his handling of trade, tariffs, and foreign policy has declined since early in the second term. The November 2026 midterm elections represent a near-term test that could shift congressional dynamics and policy flexibility ahead of the June 2027 horizon. Subsequent developments in inflation trends, labor market data, diplomatic progress on Iran, or new executive actions on tariffs and spending may influence whether ratings stabilize or rebound from current levels.