Trump's economic approval rating hits record low, Republicans worry about election prospects

The latest poll shows that due to the escalation of the Middle East situation and the rebound of inflation pressure, US President Trump's approval rating on economic issues has dropped to the lowest level of his term. Former White House Chief of Staff Mick Mulvaney warned that if gasoline prices remain above $4 per gallon before Labor Day, the Republican midterm election situation will face "huge trouble". Finance Minister Besent expects energy prices to fall as the situation eases, but RSM Chief Economist Joseph Brusuelas suggests that oil prices may remain high, continuing to squeeze consumer spending. Republican Senator Thom Tillis said that if the cost of living pressure cannot be alleviated, the Republican Party may suffer a setback in the November elections. Analysis indicates that the US economy is showing a "K-shaped recovery," with real household income shrinking for the first time in nearly three years.