Nearly eight in ten Americans hold the Trump administration responsible for the rising cost of living, according to a new Reuters/Ipsos survey released Friday.
The poll found that 78 percent of Americans believe some level of responsibility for hiked prices lies with the White House, a figure that cuts broadly across party lines.
That number includes 64 percent of Republicans, 76 percent of independents, and 95 percent of Democrats who attribute rising costs at least in part to administration policy decisions.
President Trump’s economic approval rating has taken historic hits amid the ongoing Iran war, which has sent global energy rates skyrocketing and deepened financial anxiety among American households.
His administration’s decision to hike tariffs on trading partners like Canada has compounded economic concerns and contributed to the sharp decline in economic confidence ratings.
In the Reuters poll, 62 percent of respondents said they disapproved of how the president has handled the economy, including around 25 percent of Republicans and 92 percent of Democrats.
Fifty-seven percent of Republican respondents said their living costs have been increasing faster than their paychecks under the second Trump administration, with two-thirds of the broader survey population saying the same.
These plummeting approval ratings could pose significant problems for Republicans seeking office this November, as the GOP fights to retain control of Congress in a difficult electoral environment.
Several candidates in tight races have already distanced themselves from the president on economic policy, with Michigan Senate GOP nominee Mike Rogers calling on the administration this week to end its economic fight with Canada “now.”
The six-day Reuters/Ipsos poll was conducted online and nationwide, completing Monday with responses gathered from 4,506 U.S. adults across the country.
The survey carried a margin of error of two percentage points for the general American population and three percentage points for Republicans, Democrats, and independents measured separately.
