The poll shows that 47 percent of Americans on mid-level incomes approve of Trump job performance, while 49 percent disapprove.

US President Donald Trump's approval ratings have significantly declined according to a Yahoo News/YouGov poll, with 50% of Americans disapproving of his performance, while 44% approve. Major concerns among Americans include economic instability and his trade policies.

How has a volatile week in international relations shaped opinions of Donald Trump. See how it has affected his presidential approval rating.

On Wednesday, which Trump has dubbed America's "Liberation Day", he will unveil a swathe of import taxes, on top of tariffs already imposed by Washington on aluminium, steel and vehicles. But concerns about a trade war are unsettling markets and creating fears of a recession in the US.

Markets tumbled as trading opened Monday morning, with investors continuing to unload holdings in anticipation of President Donald Trump "Liberation Day" tariffs announcement Wednesday.

President Donald Trump will unveil new tariffs on April 2, dubbed “Liberation Day,” targeting trade imbalances. The plan includes 25% tariffs on semiconductors, microchips, pharmaceuticals, and foreign vehicles.