Washington, D.C. — The fallout from President Donald Trump’s dramatic “Liberation Day” announcement in the White House Rose Garden is rippling far beyond Wall Street. A sweeping round of new tariffs on international goods has not only shaken global markets but has also sparked growing public disapproval, signaling the possible end of Trump’s post-inauguration honeymoon period, according to a report by Puck News’ Peter Hamby on Tuesday.
“This is supposed to be Trump’s honeymoon!” said Lakshya Jain, a polling analyst and partner at Split Ticket. “These economic numbers scream red flag, red flag, red flag.” The new wave of economic nationalism—unleashed with great fanfare by Trump—has already shown signs of political backfiring.
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Hamby highlighted a fresh Navigator Research poll conducted entirely after “Liberation Day,” which shows that 55 percent of Americans now disapprove of Trump’s handling of the economy. This marks his lowest net approval rating on economic matters since Navigator began tracking the data.
Hamby, a founding partner of Puck News, noted the president’s sharp drop in public confidence: “Trump’s economic agenda is very much getting clobbered in the polls,” he wrote. “This week, we got even more data showing that Trump is inflicting enormous damage on his own presidency, threatening the administration’s political capital even before we’ve reached the 100-day mark.”
Perhaps more troubling for the Trump camp is the erosion of support within his own party. The Navigator poll found that 42 percent of Republicans now report feeling “uneasy” about their personal financial outlook—an increase of 12 percentage points since December.
The broader picture appears grim. According to the same survey, a decisive majority of Americans now say the economy is getting worse, a jump of over 20 points since Trump’s election victory last year.
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“If he is underwater now, by June, July, August, people are going to run out of patience,” Jain warned. “Here’s the thing. Not everyone cares about immigration. Not everyone cares about trans kids or whatever social justice issue of the day. But everyone cares about the cost of living, and everyone cares about a recession.”
She concluded bleakly: “Any way you slice it, it’s terrible.” With the economic clouds gathering and support slipping, Trump’s gamble on tariffs may become a defining test of his presidency’s second chapter.
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