It will result in a loss of power. Isolation is not a strengthening posture. You need allies to succeed over the long term. This looks like the beginning of the downfall of the United States from every measure.
I don't disagree. But then for most of the 7,000 years of recorded history, GDP (and all the might that wealth ensures) was strictly a function of population. It wasn't until European colonialism came in the 1400s and industrialization in the 1700s that guns, resource extraction, and productivity gains changed the game.
But WW2 ended colonialism and 90s globalization spread industrialization worldwide, leaving us all in the slow roll of reverting to the mean now. At the end of which, the ancient civilizations of China and India, with nearly 3 billion people between them, will return to global dominance.