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MAGA Alexandre Tziripouloff/Getty Images

Sales of MAGA gear plunge 30% as Trump's approval rating craters to 32% — ‘he's no longer a viable business model’

Current poll numbers show a double-digit advantage for Democrats heading into next week’s midterm elections, as President Trump appears to be losing ground with the U.S. electorate, and possibly with MAGA merch consumers.

According to a new CNN poll released October 21, 67% of respondents disapprove of Trump’s job performance while 32% approve. That gap has widened from one year ago, when the same survey showed a 37% approve, 63% disapprove level in the last week of October 2025. In the current CNN survey, 51% of respondents “disapprove strongly” of Trump’s on-the-job performance, and it added that Democrats have a 49%-to-39% registered-voter advantage over Republicans. The survey canvassed 1,701 U.S. adults, but didn’t specify registered voters, with a 2.9% margin of error.

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That voter-sentiment survey may also help explain, at least in part, why sales of Make America Great Again merchandise may be lagging.

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According to NPR, the MAGA Mall, a digital retailer catering to Trump supporters, has seen sales down 30% since Trump’s last presidential election. “He’s no longer a viable business model for entrepreneurs because he has peaked,” Wes Aker, a supporter of the president, told NPR.

Trump fatigue and ‘social costs’ are in play right now

Consumer sentiment experts say it’s difficult to tie political merchandise sales directly to a specific politician, but the Trump vibe comes close.

“Political merchandise serves as a public statement of identity as well as a product,” Dr. Gleb Tsipursky, behavioral scientist and author of The Psychology of AI Adoption at Work, told Moneywise. “If people perceive a higher social cost from displaying a symbol, they may stop buying or wearing it even if their underlying political beliefs have not changed.”

Yet sales declines alone may not establish why attitudes are changing. “Retailers need to distinguish the normal falloff from an election year, reduced demand and potential changes in how consumers view the brand,” Tsipursky said.

Business in the MAGA world may also be waning because Trump has been in the headlines ever since he announced his run for the presidency back in 2015. “For entrepreneurs, depending on a single political personality creates concentration risk,” Tsipursky noted. “Demand can shift faster than fixed costs. Businesses can reduce that exposure by diversifying their product mix, testing adjacent customer needs and watching repeat purchases instead of assuming a surge will last.”

In-the-trenches retailers also caution against using data from a single store or chain as proof of a widespread sales downturn, such as the recent shuttering of a Knoxville, Tennessee-based Trump superstore cited by NPR, one of four MAGA merchandise stores the media outlet said closed in 2026.

“We believe the Tennessee closure is an isolated example, one built on a poor business model,” Lindsay Porzio, marketing director of Stic-It Rotating Car Flags, a rotating vehicle flag displays company, told Moneywise. “The lesson to learn here, if there is one, is not to bet everything on one product line. All successful businesses have multiple and often complementary product lines.”

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MAGA gear and merch may have cratered over Trump economic policies

Other business experts agree, noting that one or two major economic issues may be most responsible for lower MAGA retail sales.

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“Tariffs are a tax people feel even if they don’t see it and most of the cost ends up in store prices within a few months,” Kyle Peacock, principal at Peacock Tariff Consulting, a trade compliance consultancy that advises small and mid-sized importers on U.S. and Canadian customs issues, told Moneywise. “When people pay more for groceries or tools, they blame whoever is in charge.”

In that retail environment, building a store around one name has its risks. “When demand drops, there’s nothing to fall back on,” Peacock noted. “Many of these shops also buy from overseas, where tariffs have raised costs. They paid more for the goods, and now the goods are worth less.”

Additionally, with household budgets tight in late 2026, U.S. consumers traditionally backing Trump may be opting for rice and beans over red MAGA baseball caps.

“People will cool down on buying commercial products that relate to their personality when money becomes tight,” Vaughn Smith, marketing director for Atlanta-based Smith Automotive Group, told Moneywise. “As people start to feel more pressure from money, they will buy less merchandise that relates to certain topics and will spend that money on things they need day to day.”

Trump’s polling woes also likely stem from consumer economic frustration, not MAGA merch.

“The mechanism that turns a polling slide into midterm risk is usually cost-of-living frustration, not any single poll,” Scott Siler, founder of Exergy International, a political risk advisory in Washington, DC, and a political risk analyst at GW’s Elliott School, told Moneywise. “When voters feel financially worse off, that frustration tends to punish the incumbent side, including voters who otherwise stay loyal.”

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Brian O’Connell Contributing Writer

Brian O'Connell is a US based former Wall Street bond trader and author of two best-selling books: "The 401k Millionaire" and "CNBC's Creating Wealth". His work is featured on national finance and business platforms like TheStreet.com, CBS News, CNN, The Wall Street Journal and Forbes

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