Trump Approval Falls to Record Low Of 32% As High Costs Bite, Reuters/Ipsos Poll Finds

President Donald Trump's approval rating has plummeted to a record low of 32 percent, according to a recent Reuters/Ipsos poll. This decline in support is largely attributed to his handling of the cost of living issues and the unpopular Iran war, as well as the impact of high costs on the lives of Americans. Following a four-day period, the poll found that Trump's Republican colleagues had soured on his handling of these matters, with 51 percent of Republicans disapproving of his approach to the cost of living compared to 44 percent who approved.

The poll, completed on Sunday, also indicated that voters are leaning away from supporting Trump's fellow Republicans in the upcoming Nov 3 midterm elections. Trump's overall approval rating has dropped from 35 percent in the previous week's poll, with his support among fellow Republicans falling to 73 percent from 82 percent a week earlier.

The poll conducted over the weekend revealed that just 17 percent of respondents approved of Trump's handling of the cost of living, which is the top issue Americans say will determine how they vote in November. Previously, only 34 percent of respondents approved of the strikes on Iran, as the conflict has disrupted the Middle East's oil and gas supply, potentially leading to higher inflation in the US and other countries.

Despite Trump's initial promise to end the Iran war immediately after the election, Iran and its allies have shown no signs of giving up, and recent weeks have seen Teheran and its allies threatening further disruptions to oil markets. The poll also showed that 82 percent of respondents, including 90 percent of Democrats and 75 percent of Republicans, believe the conflict will continue for an extended period.

When asked about the midterms, 43 percent of registered voters chose Democrats over Republicans, marking the largest lead for Democrats in Reuters/Ipsos polling this year. The poll results suggest that a loss of control for either chamber could complicate Trump's agenda in the final two years of his term.