Less than half of Republican voters believe Donald Trump's policies are making them better off, a new poll has found. Before the president took office, 75 percent of GOP voters believed that his policies would make them better off but now that number is less than 50 percent, according to a new survey by CBS.

Overall, the poll showed that only 23 percent of Americans feel that their finances are stronger since Trump took office - despite the Republican candidate promising that he would drive down inflation. The same pollster in January found that 42 percent of Americans expected Trump's policies would improve their finances, which delivers a massive blow with the numbers flipping on their heads from January to now.

The stinging verdict for Trump comes as economists are warning that his new sweeping tariffs - set to be rolled out on Wednesday - will only worsen the economic climate by driving up the prices of cars, groceries, oil and gas. Sen. Rand Paul (R-Ky.) warned on Sunday that cars could increase in price between $5,000 and $10,000.

More than half of Americans – 55 percent – say that Trump is focusing too much of his economic policies on implementing tariffs on other countries and 64 percent say he's not honing enough on actually lowering prices. Only roughly a quarter of respondents think that Trump is balancing tariffs and lowering prices well.

The polling shows that 72 percent think tariffs will increase prices in the short term and 47 percent are worried about long term negative effects. Only 5 percent of respondents thought there could be some short term price payoffs from the international sanctions.

Trump has been teasing April 2 as 'Liberation Day,' where he will announce a net set of international tariffs with the aim of making the U.S. more self-reliant. The President wants to domesticate more industries rather than outsourcing and he believes that other countries are getting the better end of the deal when it comes to trade with the U.S.

President Trump won the 2024 election in large part because Americans thought he would help out the economy after former President Joe Biden faced blame for driving the U.S. into a recession. Still today, 38 percent of Americans blame Biden's policies for inflation and rising price, while 34 percent blame Trump. And 19 percent say that they both bear equal blame.

Besides tariffs, the Trump administration has also been focusing on reducing the federal workforce and cutting the government's inflated budget in what it claims will reduce taxpayer waste – but doesn't promise to lower taxpayer burden.

Americans are split right down the middle on the Department of Government Efficiency (DOGE) federal layoffs, incentivized retirements and reallocations with 50 percent approving and 50 percent against it.

The overall consensus from the latest poll released on Sunday? Americans want economic and financial policy that will directly impact their wallets, not international trade wars and mass federal firings. The CBS/YouGov poll shows that 48 percent approve of how Trump is handling the economy and 52 percent disapprove.

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