US voters trust Democrats more than Republicans on economy for first time since 2017

President Donald Trump's approval rating continues to slide, now standing at 35%, a significant drop from 42% in January before the war in Iran began. This decline in popularity appears to be affecting public trust in the Republican party's ability to manage the U.S. economy.

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Voters currently trust Democrats (37%) more than Republicans (36%) on economic issues.

A recent Ipsos poll reveals that 37% of American voters now trust Democrats more than Republicans on economic matters. This marks the first time since 2017 that the Democratic party holds an edge on this key issue, signaling a potential shift in voter sentiment.

The ongoing conflict in Iran, now in its sixth month, has disrupted maritime traffic in the Strait of Hormuz and caused oil prices to surge. Public opposition to the war has grown, with 57% of Americans disapproving by late July, up from 47% in March.

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Donald Trump's approval rating has fallen to 35%, compared to 37% last month.

With midterm elections just under three months away, this erosion of confidence could have significant consequences. Republicans have held control of both the Senate and the House of Representatives since the 2024 elections, but current polling suggests Democrats could regain control of both chambers.

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Opposition to the war in Iran has been growing since the beginning of the conflict, from 47% in March to 57% at the end of July.