What would its global impact realistically look like over the short (10 years), medium (25 year), and long (100+ years) term?
Friends and I loved this thought experiment and I think HN might find it interesting/worthwhile to discuss too!
The easiest kind of fusion (D+T) by far uses Deuterium and Tritium and produces copious quantities of neutrons, more than either a thermal or fast fission reactor. There is a certain thickness of shielding you need to stop the neutrons and it's not small. Handling tritium is also a pain because it is an isotope of hydrogen that will go between the atoms of many metals, get incorporated into water supplies, etc. If somebody is handling tritium at energy-production scale you will always hear about leaks to the environment even if these are "mostly harmless."
Other kinds of fusion are a lot harder. The difficulties that drive fusion reactors like ITER to be huge would drive them to be even larger. I'd imagine interstellar travelers somewhere have huge D+D reactors so they can "live off the land" on Oort cloud objects.
e.g. Every household can have indoor greenhouses for home grown fruits/vegetables