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WASHINGTON—President Donald Trump has expressed a cautious outlook regarding the results of the upcoming U.S. midterm elections in November 2026, suggesting that the public may need more time to fully grasp the economic achievements of his second administration. The President conveyed this sentiment during an interview with the Wall Street Journal (WSJ) on December 12.

President Donald Trump is not optimistic about the 2026 U.S. midterm elections, telling the WSJ that it "may take people a while" to understand his administration's economic success.
The President touted the "greatest economy in history," record stock market highs, and the benefits of his tariff policies, which he claims are spurring investment in the U.S.
However, Trump acknowledged the historical difficulty for sitting presidents' parties to gain seats in midterms, noting that even successful presidents have seen setbacks.
 
President Trump Expresses Midterm Caution, Citing Economic Lag Time
U.S. President Donald Trump has tempered expectations for the Republican Party's performance in the 2026 midterm elections, noting the historical headwinds that often challenge a sitting president's party. In an interview with the Wall Street Journal published on Sunday, December 14 (local time), the President acknowledged the statistical difficulty of a successful midterm outcome while insisting that his administration has engineered an economic "Golden Age" for the nation.

The midterms, which will determine all 435 seats in the House of Representatives and approximately one-third of the 100-member Senate, are crucial to the latter half of President Trump's second term. The Republican Party currently holds a majority in both chambers. A loss of the House could immediately trigger a "lame duck" period for the administration, significantly complicating its legislative agenda.

Economic Success vs. Voter Perception

President Trump, who secured re-election largely on the promise of economic recovery and growth, is now facing a dip in approval ratings due to persistent concerns over inflation and household affordability—issues he attributes to the previous administration of Joe Biden.

"I’ve created the greatest economy in history," President Trump told the WSJ. "But it may take people a while to figure all these things out."

The President highlighted several indicators of his success: "More money is being invested in the United States than in any country in history. The stock market is at an all-time high. I closed the border." He asserted that the revenue generated from his tariff policies is now fueling domestic investment. "All this money that’s pouring into our country [from tariffs] is building things right now—car plants, AI, lots of stuff," he said.

However, he conceded the difficulty of connecting these macro-level successes to the everyday lives of voters in time for the 2026 vote. "I cannot tell you how that’s going to equate to the voter, all I can do is do my job," the President stated.

Historical Headwinds and Tariff Defense

President Trump openly admitted to the historical trend working against his party. He observed that even successful presidents have seen their party suffer setbacks in their first midterm election. "Even those that had, you know, a successful presidency" have lost, he said. "We should win. But, you know, statistically, it’s very tough to win."

The WSJ noted that since World War II, only two presidents—Bill Clinton in 1998 and George W. Bush in 2002—have seen their party gain seats in the House during the midterm cycle.

During the interview, the President also staunchly defended his use of tariffs, warning that an unfavorable Supreme Court ruling on the policy would be "a terrible thing for the United States." While suggesting he could invoke other statutes to reimpose the duties, he added that such a course of action would "not be as fast" and "not be as good for national security." This defense underscores the centrality of his "America First" trade policy to his economic legacy, even as he grapples with the policy's delayed impact on voter sentiment.

Despite his insistence on his administration's economic achievements, President Trump’s realistic assessment reflects a recognition of the traditional midterm pattern, where the party in power often loses ground as voters use the election as an opportunity to voice discontent or create a check on the executive branch. The challenge for the Republican Party will be to ensure that the economic growth and investment the President champions translate into tangible benefits for American households before voters head to the polls next November.