Poll finds declining faith in Trump on economy

Americans are losing faith in President Trump’s ability to deliver on key economic campaign promises but still expect major action on immigration, according to a poll released by Bloomberg on Monday.

The Bloomberg poll showed that decreasing portions of the American public believe Trump will negotiate beneficial trade deals for domestic workers, build a wall along the southern border and put the United States’ economic interest above his own.

Only 40 percent of respondents told Bloomberg they were either very or mostly confident that Trump would do what’s best for the U.S. economy over his own business empire through deals with foreign leaders. That’s a more than 10 percent drop from December, when 51 percent of respondents said they trusted Trump to put the country over his own riches.

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Respondents were also increasingly skeptical of Trump’s ability to negotiate trade deals to support American workers and build a wall along the southern border. When asked this month if Trump would “create trade deals with other countries that are more beneficial to the U.S.,” 54 percent agreed, compared to 66 percent in December.

While 32 percent of respondents believed Trump would build a border wall in December, that number dropped to 30 percent this month.

However, the number of people who expected Trump to deport millions of undocumented immigrants spiked since the president issued travel ban and immigration enforcement executive orders. More than half of respondents (53 percent) said they thought Trump would deport millions of immigrants, compared to 38 percent in December.

Respondents were close to evenly split over whether Trump would sign major tax reform into law — 47 percent believed he would — and bring back jobs from other countries (50 percent). Only 43 percent of respondents said Trump would revive the coal industry, while 66 percent expected him to make major cuts to government regulation.

Trump has focused on cutting rules put in place by his predecessor, arguing former President Barack ObamaBarack Hussein ObamaReport: FCC chair to push for complete repeal of net neutrality Right way and wrong way Keystone XL pipeline clears major hurdle despite recent leak MORE’s regulatory agenda suffocated the economy. Trump has instituted rules about how many regulations could be repealed before a new one issued, and worked with Congress to strip back major Obama-era climate policies intended to boost renewable energy and limit fossil fuel use.

Trump has also called on Congress to “dismantle” the Dodd-Frank Wall Street Reform and Protection Act, sweeping post-recession banking regulations enacted in 2010. The House in June passed an expansive bill rolling back Dodd-Frank, but the Senate isn’t expected to take it up and the White House declined to endorse the bill.