Economics as Achilles heel in the second period

Daniel Zvatto

Director of Radar Latam 360

Less than 100 days after the renewal of the Brothers of the Board White HousePresident Donald Trump Pour with an uncomfortable reality: its second term began under the sign of distrust of citizens, early wear, which, far from strengthening, became its main weak flank.

According to the latest survey Fox NewsOnly 44% of registered voters approve their leadership, while 55% do not approve. For any president at the beginning of the new period, this figure will be concerned. But in the case of the president he also polarizes as Trump – Relecto in the center of the divided society and the world of reconfiguration – these numbers are a sign Early warningField

The survey reveals a clear scheme: while the President retains firm support for the security of the borders, with approval of 55%, his management in almost all other key areas is very doubted. In the economic area, the core of the social contract between the leader and its management, the assessment is especially complicated. Only 33% claim his inflation management, and only the same percentage supports his tariff policy. As for the general state of the economy, only 38% approve it compared to 56%, which do not approve. The trend is repeated in fiscal and tax land.

The constancy of inflation, the regressive impact of new tariffs levied in accordance with their updated protectionist policy, and macroeconomic uncertainty undermined not only the trust of citizens, but also in the markets. The slogan of the 2024 campaign – focused on the restoration of “economic greatness” against what he called democratic chaos – begins to disappear under the weight of reality.

In the migration area, his management generates feelings. Although his borders’ security policy retains positive pure approval, with a border of +15 points, the total immigration assessment is practically related: 47% approval compared to 48% of disapproval. This indicates that, in addition to physical control of borders, Trump’s immigration narrative continues to separate the country deeply, especially from its humanitarian consequences and its approach confrontationalField

The panorama does not improve in foreign policy. With a disapproval of 54% compared to support of only 40%, Trump Face questions both for their tense relations with historical allies, and from the absence of tangible results in their policy regarding ChinaIN Russia or Latin AmericaThe image of the image USA As a reliable global actor, he continues to collapse.

What is the significance of this scenario for management and for the intermediate elections of 2026?

The answer is double. On the one hand, Trump retains its solid core, strengthens around its migration rhetoric. But on the other hand, his inability to expand his base and, above all, offer tangible economic results, can lead to legislative blockade, loss of control in the congress and greater social polarization.

The White House is faced with a strategic dilemma: how to emphasize his narrative and his economic policy, without betraying the ideological poles that support their legitimacy before its base. This is a subtle task that requires at least a deep review of the current course.

In short, when very little is not enough to fulfill his first hundred days of the government, Trump controls without sufficient political capital in those issues that most concern a common citizen. Its leadership is more polarized than when, and its edge of maneuvering, surprisingly abbreviated.

As a famous phrase that was immortalized by Bill Clinton’s campaign in 1992: “This is an economy, stupid.” Thirty years later, it remains the economy – and the perception of its management – a factor that decides the fate of governments.

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