• The poll said 52% of American voters believe they’re better off financially now than they were in 2016, but voters still gave Trump just a 38% approval rating.
  • The discrepancy could have something to do with Trump’s approach to issues such as foreign policy and trade, for which voters generally had a negative view of his performance.
  • The paradoxical results are also indicative of the political tightrope Trump will likely have to walk leading up to the 2020 election.

new poll released by Quinnipiac University highlights a paradox of Donald Trump’s presidency: A majority of American voters think they’re better off under Trump, but they still don’t approve of him.

Fifty-two percent of American voters believe they’re better off financially now than they were in 2016, but voters still gave Trump just a 38% approval rating.

In short, according to Tim Malloy, the assistant director of the Quinnipiac University Poll, “the nation’s economy is pretty darn good and President Donald Trump’s approval numbers are pretty darn awful. So what to make of the good news, bad news mashup and how to correct it?”

Read more: Escalations in Trump’s trade war could wipe out $600 billion from the world economy, OECD warns

According to the poll, 58% of voters disapprove of Trump’s handling of foreign policy, and 47% disapprove of US policy toward Iran; 53% of voters disapprove of his handling of trade, and 50% disapprove of his approach toward China.

Moreover, 48% of voters say Trump’s trade policies are bad for the US economy, and 44% say they’re bad for their individual financial situations.

The results are indicative of the political tightrope the president will have to walk in the upcoming election.

Already, it appears Trump is leaning hard on the argument that the US economy is booming under his leadership. But on other issues, Trump has seen a lukewarm — or downright negative — reaction from voters.

His administration has come under scrutiny, for instance, over its approach to illegal immigration.

He has long championed an effort to build a wall along the US southern border with Mexico, but according to a January Gallup poll, a solid majority of voters (60%) oppose the proposal. The president was also criticized following reports that he pushed administration officials to shut down the US border and offered to pardon those who followed his orders amid concerns that he was asking them to break the law.

Trump is also under the spotlight over an escalating trade war with China, the effects of which are most harshly felt by American farmers, many of whom make up a significant portion of Trump’s electoral base.

The president is also weathering a slew of congressional and federal investigations into every aspect of his life: his campaign, his administration, his business dealings, his inauguration committee, and more.

“For the moment,” Malloy said, the disparity between voters’ beliefs that they’re better off under Trump but still view him negatively “leaves the president on shaky re-election ground.”