Rising approval ratings for Trump: implications for the presidential campaign

"It has been the greatest honour of my life to serve as president. And while it was my intention to seek re-election, I believe it is in the best interests of my party and the country to retire and focus solely on my duties as president for the remainder of my term," said Joe Biden in a letter posted on X.

The polls, moreover, were already pointing in this direction. According to a survey conducted by Abc-Ipsos, for 61% of Americans Joe Biden would have to withdraw from the White House race.

In parallel,the approval rate for Donald Trump saw a significant increase. Following the assassination attempt, the former president and Republican candidate received a favourable impression from 40% of Americans. The figure represents the highest level of appreciation for Trump in four years and seems to suggest a positive change in the public perception of the Republican leader.

In terms of fundraising, Donald Trump seems to have overtaken Joe Biden in the second quarter of the year (April-June). According to a comparative analysis of their respective campaign data published by the Financial Times, fundraising groups aligned with Trump amassed a total of $431.2 million. This figure is $98.9 million more than that raised by pro-Biden groups, which reached a total of $332.4 million.

These developments could have major implications for the ongoing presidential campaign. Rising approval ratings for Trump, combined with his success in fundraising, could strengthen his position.