Kelly McParland: Midterms coming to cast judgment on Trump

The U.S. Capitol is seen past American flags on the National Mall, June 6, 2025. Photo by Julia Demaree Nikhinson/AP

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Americans will go to the polls in just over three months to decide the mid-term fate of the Trump administration. By any normal measure, Republicans should be dreading the date. It’s usual for incumbent parties to lose ground, but the incessant turmoil of the current regime carries the risk of alienation across all sorts of voter demographics.

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That the race remains so unsettled so close to the decision date says something, though what that something might be is as perplexing as so many other aspects of a unique and inscrutable presidency.

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A variety of surveys suggest Democrats enjoy an overall lead, though the extent of the gap depends a lot on variables: registered voters versus independents, age groups, ethnic groups, regional preferences and a host of others. Turnout should be key, and there are dark clouds on that front for Republicans: a report by an organization linked to conservative billionaire Charles Koch found a “scary” lack of enthusiasm among the party’s base of support.

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Yet no one is betting the farm on the chances Democrats will gain control of the House of Representatives, and the chances of erasing the slim GOP advantage in the Senate are even thinner. The Democrats’ national advantage is offset by a determined Republican gerrymandering drive, reconfiguring electoral districts to ensure almost certain conservative majorities now and into the future. While Democrats have responded with their own attempts to create what are in effect one-party districts, most calculations suggest the incumbents came out marginally ahead.

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On a practical basis, Democrats should already be planning their victory parade. The president is unpopular, with a disapproval score nudging 60 per cent. There are disputes within MAGA, big splits over policies and a leakage of one-time Trumpians who have strayed from the camp.

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The cost of a gallon of gas averages US$4.09, compared to US$3.09 in January 2024.  That’s an extra US$23 to fill your F-150 pickup; or US$36 for the extended-range tank. The cost of pretty much everything else is up as well, thanks to inflation, for which Americans can thank the high cost of the Trump tariff regime. “Nearly 90 per cent of the tariffs’ economic burden fell on U.S. firms and consumers,” according to the Federal Reserve Bank of New York. The Wall Street Journal has called the ill-judged tariff regime a presidential “obsession.”

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“How else to explain his imposition of yet another round of border taxes three months before the November election despite their political unpopularity and economic harm?” it asks. Yet the president has made clear he loves his tariffs and isn’t about to change.

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Interest rates in the U.S. are pushing up mortgage rates and the cost of consumer loans. The benchmark Canadian rate is 2.25 per cent, compared to a U.S. Fed target range of 3.5-3.75 per cent. On a $100,000 mortgage that’s about $65 more a month, or $770 a year, a U.S. homeowner would pay compared to a Canadian. Larger mortgages, of course, would cost that much more again. The White House waged a determined effort to pressure the Federal Reserve to lower rates against its better judgment, going so far as to launch a personal mission against its former chairman Jerome Powell, to no effect. Powell retired on his own speed, and replacement Kevin Warsh has so far made no change.