What will the U.S. Economy Under Trump look like? Worse or better?

The 3 things I would keep a close eye on: 
1. Tariffs - no matter how you stack it, if China gets hit hard with tariffs, we're in a trade war with them. Double if he tariffs Mexico. The consumer will feel this almost immediately. 
2. Immigration - keep a close eye on the humanitarian effort and if they manage to even deport half of the undocumented workforce the consumer will feel this is their pocket as well. 
3. Wars - the war in Ukraine will likely end with Russia taking a piece of land. This will motivate China to move in on Taiwan. Iran will likley attack Israel and Trump will have to send our troops to fight. I advise everyone pay attention closely to those 3 things these next four years save as much income as you can.

Want to talk about the economy? I personally own a small business in the field of construction. And I can testify that my business has already started preparations for the tariffs. Prior to the election, I had conversations with suppliers and vendors about tariffs. Businesses are preparing. Americans can pretend that the tariffs aren't real, but I promise you that the rising prices and layoffs will be very, very real

When Trump took office in 2017, he inherited an economy that had been doing quite well under Obama, with low unemployment and low inflation. Trump then helped implement tax cuts that primarily favored corporations and the wealthy. The economy under Trump was generally good, but became worse when covid hit. The Biden administration inherited the covid crises and the economic recession that was a result, resulting in a slow recovery. The current economy is stable and growing, with inflation under control but with higher consumer prices than before, and high but slowly declining interest rates.

I live in the US, but originally Brazilian. It freaks me out the idea of tariffs in order to stimulate national manufacturing. Brazil is a very protectionist country, and it was way more until the early 90s, when the country opened itself a little more for imported goods as one of the multiple measures to lower inflation (btw, that’s something Biden didn’t do). What happened in Brazil, with protectionism, was that domestic manufacturers lost quality and lacked innovation, while if you wanted to get a good quality product (let’s say, a TV), it was always expensive because it was imported. I understand there’s a feeling here in the US that “when factories were here, life was better for the working people”, and the reality is that those times will never return. Cost of living, salaries, real estate and energy are super expensive in the US. Meaning that it’s not going to be competitive. And, at the end of the day, that’s not the root of the problem. The root of the problem is the regularly system of the country. The housing shortage in this country is totally caused zonings rules that are the same as 50 years ago + HOAs and Homeowners that think, for example, that the view they had from their property when they bought it belongs to them. Everyone knows these people freak out having poorer people close to them and that potentially reducing their property value (more likely, make it grow slower). Anyways, why not to start there? Break absurd construction regulations, live the basics, and don’t let current owners block it. They’ll always try. More supply, lower prices.