It will be (arguably already is) societally rough though. The west has been riding the asian cheap labor for decades (and the cheap colonial labor before that). People are not gonna be happy falling down the "value chain".
Probably explains Trump's moves: Force out all the illegal immigrants doing low value work, kill off as much fluff in the government as you can to cut the debt load, those unemployed people are forced to fill in the low value labor. You've solved all the problems and everyone except the capital owners are worse off..but at least the capital owners live to see another day.
