President Donald Trump's popularity among the American public has been eroding steadily since he returned to the White House last January.

While some of this is typical for second-term American presidents, Trump's initial decline also reflects ongoing public dissatisfaction with high prices and cost-of-living – issues that have propelled Democrats to wins in a growing number of elections over the past year.

According to data by election analysis website The Downballot, Democrats did an average of 13% better in contested special elections in 2025 than they did in the same districts during the 2024 presidential election.

The war in Iran has only exacerbated these economic concerns.

Polling company Ipsos found that 43% of the American public approved of Trump's handling of the economy at the start of his second term. By 23 June 2025, the number had dropped to 35%, a level it hovered around for the rest of the year.

Three weeks into the Iran war, gas prices have surged to an average near $4 a gallon.

Trump's economic approval rating, meanwhile, has fallen to 29%—a lower mark than any during Joe Biden's presidency, even amidst a post-Covid inflation spike.

As economic anxiety contributes to the recent Democratic successes, it creates a drag on Trump's net approval, which had started at a relatively strong 52% at the beginning of his second term.

Yet by the onset of the Iran war, only 42% of Americans viewed him positively, a figure that has further slid to about 40% as the war continues.

Such declining approval ratings place Trump in a precarious position less than seven months from midterm elections, with rising consumer prices potentially fueling further discontent.

At this week's Conservative Political Action Conference (CPAC), the stakes for November's elections were a major topic among right-wing politicians and activists.

While a proportion of the public has opposed military intervention in Iran, Trump's base has remained steadfast, suggesting a complex political landscape as independents begin to show signs of discontent.

With independents previously key to his electoral success, if the current political dynamics do not shift, it could lead to significant republican setbacks in the upcoming elections.