Although almost two-thirds of Americans still say current economic conditions are good, a new CNN poll shows the first significant drop in perceptions since President Trump Donald John TrumpFederal prosecutor speaks out, says Barr 'has brought shame' on Justice Dept. Former Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick MORE's election.

In the poll, 65 percent of respondents rated economic conditions as somewhat or very good, a 5-point drop from May.

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Perception of the economy had steadily increased since Trump's inauguration, when 57 percent of respondents said conditions were good.

SSRS surveyed 1,001 American adults for CNN between Aug. 15 and 18 using a mix of landline and cell polling. The margin of error is 3.7 points.

The dip in Americans' perception of economic conditions comes amid mounting concerns of a coming recession.

Trump has struggled to reach a trade deal with China and last week agreed to delay certain tariffs on Beijing that might have hurt American consumers. His reversal was seen as a sign of Trump’s own uncertainty about the economy.

Economists were also alarmed last week when yields from short-term bonds exceeded long-term investments, which is seen as an indicator of a future recession.

The White House has projected confidence over the economy while blaming Democrats, the Federal Reserve and the media.