President Trump says he spoke with President Xi about Taiwan and Iran
President Donald Trump said Chinese President Xi Jinping has agreed to buy 750 Boeing aircraft from the United States.
A new CBS News/YouGov poll finds that a majority of Americans are pessimistic about the state of the economy.
In a survey released on May 17, a majority of respondents said their financial situation was “uncertain” and the economy was “tough.”
The survey found that respondents’ approval ratings for President Donald Trump’s handling of inflation have reached their lowest level since his second term in office.
27% of respondents approve of President Trump’s handling of inflation, down from the previous low of 31% in April. His approval rating has also declined among Republicans, dropping from 74% in March to 63% in this poll. The survey also found that more than three-quarters of respondents said their incomes were not keeping up with inflation.
Inflation reached its highest level in April since 2023, and prices rose 0.6% from March to April, according to the Bureau of Labor Statistics’ Consumer Price Index, which was up 3.8% from a year earlier when released earlier this month.
Respondents are ‘dissatisfied’ with President Trump’s economic policies
Sixty-five percent of respondents believe President Trump’s policies are hurting the economy in the short term, and 50% say the Trump administration is hurting the economy in the long term.
When asked how they felt about the Trump administration’s economic response, 38% said they were “frustrated” and 32% said they were “angry.”
Nearly 70% of respondents said they did not have a clear understanding of the situation in the Strait of Hormuz. The U.S. and Israel’s war against Iran has effectively halted oil transportation by waterway, causing oil and gas prices to rise.
A 5.4% rise in gasoline prices in April led the rise in the consumer price index, following a record jump of 21.2% in March. Gasoline prices rose 28.4% over the year.
59% of respondents said gas prices made them financially difficult, and 26% said they made them inconvenient.
President Trump said he did not give “the slightest bit” of thought to the economic situation of the American people as he negotiated an end to the war.
Contributor: Rachel Barber, USA TODAY
