Recent Gallup research shows that only 16 percent of Americans currently rate the economy as excellent or good, signalling potential difficulties for President Trump and the Republican Party as the midterm elections approach.

About half of those surveyed consider economic conditions poor, citing factors such as high gas prices and inflation exacerbated by the ongoing conflict with Iran.The Economic Confidence Index has dropped to -45, the lowest since October 2022.Additionally, 76 percent of U.S.adults report that economic conditions are worsening.

Within the Republican Party, Trump retains some support, scoring +22 on the confidence index, though this is the lowest since the start of his second term.

Polls indicate a split within the party: while 74 percent of MAGA supporters approve of Trump's economic record, only 36 percent of non-MAGA Republicans do.Consumer confidence in the United States has also hit record lows, according to the University of Michigan's Surveys of Consumers.Inflation remains a concern, with wholesale prices rising to their highest since 2022.

Despite outward confidence from the president, White House officials reportedly worry that the Iran conflict could push gas prices above previous records.A spokesperson for the White House has disputed these reports, calling them false and reliant on anonymous sources.Overall, the economic outlook presents challenges for the administration as it navigates both domestic sentiment and international tensions.