President Donald Trump's approval rating has fallen to its lowest point yet in the Economist/YouGov tracking poll since he returned to the White House last year, signaling growing voter discontent as the midterm elections approach.

According to the survey conducted July 25–27, only 34% of respondents said they either “somewhat” or “strongly” approve of Trump's job performance, while 62% expressed disapproval—either “somewhat” or “strongly.” Just 4% were unsure. YouGov noted that the 34% approval figure is “tied” with the all-time low for Trump across both of his terms in their polling.

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The poll of 1,559 adults has a margin of error of plus or minus 3.3 percentage points.

These numbers come as Trump and the Republican Party navigate treacherous political waters ahead of this year's midterm elections. Americans are broadly disapproving of the U.S. military involvement in Iran, according to recent surveys, and the conflict has driven up energy and fertilizer costs, exacerbating stubborn inflation. The economic anxiety is weighing heavily on voters' minds.

A separate polling average from Decision Desk HQ, as of Tuesday evening, put Trump's approval at 41% and disapproval at 56.9%.

Nate Silver, the prominent election analyst, suggested over the weekend that the public may be “moving on” from Trump as a central political figure. “It’s kind of striking how, apart from Iran, most of the Trump-related stories this summer have been boring and dumb (reflection pool, White House Correspondents’ Dinner) or kind of funny (FIFA), maybe we’re moving on from him being the central figure in American politics,” Silver wrote on X.

The White House has been grappling with a series of less-than-dramatic controversies, including a teleprompter operator who bet on Trump speeches leaving the government, and the fallout from funding threats over transgender student policies. Meanwhile, economic pressures persist: Canadian travel spending to the U.S. has dropped $3.3 billion amid tariff tensions.

The president's approval woes underscore the challenges ahead for the GOP, which must defend a narrow majority in Congress. With the Iran war and inflation dominating headlines, Trump's team is scrambling to regain momentum ahead of what many analysts predict could be a punishing election cycle.