Trump’s second-term approval rating has fallen steadily since early 2025, recently reaching or tying second-term lows near 33-36 percent across multiple pollsters amid the ongoing U.S.-Iran conflict that began in late February 2026. Trader focus centers on whether sustained disapproval of foreign-policy handling, elevated gas prices, and broader economic sentiment will push the floor lower before year-end. Declines have been sharpest among Republicans, widening the partisan gap, while midterm elections scheduled for November 2026 could intensify scrutiny of legislative and economic performance. Historical patterns show second-term ratings often stabilize or rebound absent major new shocks, though persistent conflict developments or inflation data remain key variables that could extend the downward trend.