Recent polls show Trump’s lowest approval ratings on inflation and cost of living, highlighting growing concerns over his economic policies and tariffs.

Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy. Overall consumer prices increased 2.

U.S. President Donald Trump's top economic adviser, Stephen Miran, on Tuesday downplayed the long-term inflationary impact of tariff hikes, pointing to the relatively modest role imports play in the economy.

Consumer prices rose 2.3% in April compared to a year ago, cooling slightly from the previous month and defying fears of an inflation surge in the aftermath of President Donald Trump's "Liberation Day" tariffs last month. The reading -- which marked the lowest inflation rate since 2021 -- matched economists' expectations.

CNN had viewers on the edge of their seats after they unexpectedly paused for a breaking announcement about Donald Trump

The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.

Japan saw a jump in core inflation in April. It is the fastest rise in over two years. This increases the chance of an interest rate hike later this year by Bank of Japan. The central bank is balancing inflation with economic worries from United States tariffs.