Trump’s second-term approval has settled in the mid-to-high 30s through summer 2026 after starting near 50 percent, with recent national polls showing 37–41 percent approve and disapproval near 57–63 percent. Economic sentiment and cost-of-living concerns remain the dominant drag, reinforced by ongoing tariff policies and mixed results on inflation and jobs. Foreign-policy developments tied to Iran, including military actions and stalled diplomatic efforts, have also weighed on ratings. With the November 2026 midterms approaching, any legislative or economic shifts in the final months could still move numbers, though current polling averages suggest limited upward momentum absent a major positive catalyst. Trader focus centers on whether seasonal or event-driven rebounds can push the yearly high beyond early-term levels.