globalization is going to continue, even among unlikely partners, see for example[1]. The US putting itself behind an Iron Curtain, is of course not going to change the reality that the rest of the world needs, and benefits from trade just as much as it has until now. It was true in the time of Adam Smith, it will be true in a hundred years. All it does is effectively end America's influence in the world out of a bizarre ideological isolationism, genuinely like a sort of funhouse mirror USSR.
[1]https://apnews.com/article/japan-china-south-korea-foreign-m...