Trump's Economic Approval Plummets: Even Fox News Shows Signs of Impatience

A new economic crisis signal is emerging in the U.S. Trump's economic approval rating has dropped from 40% to 32%, while Fox News' July poll revealed even more alarming results: Only 33% support his handling of the economy, with 67% disapproving. This reflects growing concerns that his economic policies are failing.

Inflation and Gas Prices: The Squeeze on Average American Households

American households are facing significant financial strain. Consumer prices rose 3.4% year-over-year, and gas prices hit $4/gallon. Fox News' poll found that 75% of voters say inflation has caused financial hardship, with 34% calling it 'serious.'

Republicans' Hope: High Expectations for Economic Improvement

A glimmer of hope comes from Republican voters' expectations. Fox News' poll showed that 71% expect the economy to improve over the next year, suggesting Trump's economic messaging may still hold some strength.

The U.S. economic crisis could deepen further due to tensions in critical sectors like semiconductor supply chains and energy prices. This could negatively impact long-term performance of tech stocks, including Nvidia and TSMC.