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Inflation won Trump the presidency, but could cost him the midterms

Economy The Guardian By Eduardo Porter 30 May 2026 11:00 1 min read
Inflation won Trump the presidency, but could cost him the midterms

Trump’s pursuit of policies that drive up prices, including tariffs and war, might be punished in November’s elections For such an uncannily successful politician, Donald Trump exhibits a perplexing political myopia. His most recent own-goal was endorsing Ken Paxton, a state attorney general, against four-term senator John Cornyn in the Republican primary for Senate in Texas. Trump’s endorsement helped push the ethically compromised Maga firebrand over the top, to run against popular Democrat Ja

Trump’s pursuit of policies that drive up prices, including tariffs and war, might be punished in November’s elections

For such an uncannily successful politician, Donald Trump exhibits a perplexing political myopia. His most recent own-goal was endorsing Ken Paxton, a state attorney general, against four-term senator John Cornyn in the Republican primary for Senate in Texas. Trump’s endorsement helped push the ethically compromised Maga firebrand over the top, to run against popular Democrat James Talarico in November, complicating the Republicans’ chances to keep the seat.

But what truly screams “I want us to lose the midterms” is what Trump is doing about inflation, which is becoming his most vulnerable issue. According to a New York Times/Siena poll of registered voters earlier in May, Trump’s approval on handling the cost of living is underwater by 42 percentage points, poorer than his rating on handling the economy (minus 31 points) and the unpopular war in Iran (minus 34 points).

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