Polling conducted in the wake of President Donald Trump's "total reset" with China, his new tariff deal with the United Kingdom, and inflation's drop to a four-year low revealed on Monday years-high voter confidence in the strength of the economy and a healthy dip in voter pessimism regarding their personal financial situations.

According to the latest Harvard CAPS/Harris poll, 51% of voters — whose top issue altogether after price increases and inflation was the economy — said the economy was "strong." Last month, only 46% said so, and there hasn't been a majoritively positive response to this question since July 2021.

Fifty percent of voters expressed confidence the president's policies will lead to stronger economic growth.

Despite this perceived strength, 51% of respondents suggested the economy was nevertheless on the wrong track. When broken down by political affiliation, 72% of Republican respondents, 15% of Democratic respondents, and 28% of independent respondents alternatively said the economy was on the "right track."

Over the past few years, the percentage of Americans who said the country on the whole was on the "right track" dribbled around 30%. However, that number skyrocketed from 28% in January, when Trump took office again, to 42% the following month. It is now at 42% again after a dip in April.

'President Trump is a skilled steward of the economy.'

Last month, 45% of voters said their personal financial situation was getting worse. Pollsters found this month that such pessimism had dropped to 39%, while the percentage of respondents who said they were "just as well off" or that their situation was improving climbed four and two points, respectively.

"The majority of Trump's policies continue to see strong support especially on immigration and government efficiency, even though there is concern Trump has exceeded guardrails with executive orders and tariffs," Mark Penn, co-director of the Harvard CAPS/ Harris poll, said in a statement.

Penn added, "If he is able to successfully lower the price of prescription drugs and hold down the fort on inflation, he will be able to unlock 10% more of voters in his approval rating."

Steve Miran, chairman of Trump's Council of Economic Advisers, said in a statement to Blaze News, "The Harvard/Harris poll is a reflection of the fact that Americans know that President Trump is a skilled steward of the economy."

"The president's policies to preserve low tax rates and reduce them further, cut red tape, create energy abundance, and renegotiate America-last trade deals will combine to create a Trump economic boom — just like they did during his first term," continued Miran. "The best way to create jobs is to create incentives for businesses to hire and invest, and that's what the president's policies do."

'If it fails, Americans will be subject to a $4 trillion tax hike.'

While there is plenty of optimism around the poll results, entrepreneur and business expert Carol Roth told Blaze News that "it's tough to get a read on the consumer right now" and noted that "while the Harvard CAPS/Harris poll went into a slim majority, other consumer polls are near record lows."

"Inflation cooling has been a welcome trend for consumers, as has the tariff pause that led the market to recapture what was lost from the Liberation Day announcements," continued Roth. "But there are concerning signs with debt delinquencies rising."

RELATED: Inflation dips to 4-year low despite trade war hysteria: 'Americans are breathing a sigh of relief'

Photo by Anna Moneymaker/Getty Images

When asked whether Congress' passage of the tax bill was critical to maintaining this confidence, Miran told Blaze News that "the One Big Beautiful tax bill is a critical part of this policy suite, and if it fails, Americans will be subject to a $4 trillion tax hike, the biggest in history. That's why it's absolutely essential that we get it over the line, and we will."

'We need deregulation and tax cut permanence.'

Eighty percent of respondents said the U.S. government "should move in the next few years" to balance the budget. When asked whether reductions in government spending or increases in taxing were the way to reduce the budget deficits, 78% signaled a desire for spending cuts.

"While getting more certainty and permanence with tax cuts is critical, the big beautiful bill needs a massive diet, and failure to substantially cut spending by the GOP could undo progress on inflation and worsen our already fragile fiscal foundation," said Roth. "We need deregulation and tax cut permanence as well as trade deals and the end of tariffs to engender more growth, as well as some serious fiscal responsibility from Congress to make sure that the economy doesn't get crushed by our ever growing debt burden."

The Harvard CAPS/Harris poll found that 47% of respondents approved of the job that Trump was doing, with 87% of GOP voters approving and 83% of Democrats and 50% of independents disapproving.

The president received highest approval for his handling of immigration and on "returning America to its values," and 52% of respondents said he was doing a better job than his predecessor.

The Republican Party, meanwhile, enjoyed a positive approval rating of 52%, its highest approval rating since March 2023, whereas the Democratic Party, although no longer plumbing record approval lows, still remained 10 percentage points behind, bogged down in part by the 28% of Democrats who evidently don't like what their party is doing.

The White House did not respond to Blaze News' request for comment by publication time.

Editor's note: Carol Roth is a contributor to Blaze News.

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