>which means ownership of U.S. assets by domestic citizens will increase
Which to be clear will be largely domestic oligarchs and other whales since the vast majority of domestic citizens in the US don't have enough capital to own any significant amount of assets, US or otherwise.
It applies across the spectrum, but to your point, at least domestic billionaires pay domestic taxes and spend money domestically.
Speaking to the middle class, home ownership (traditionally one of the most reliable sources of wealth for the middle class) would increase.