In the short term it will just be basically a sales tax. And I bet corporations will add a few more percent to the price increase caused by tariffs. Same as in the last years with high inflation.
You don't do it to the whole economy at once because the negative economic effects of the tariffs will impede the very development you're hoping for, and because there's just not enough free labor, expertise, and funding to simultaneously develop domestic production of everything.
But on the other hand screeching about every little thing is just as stupid.
At the end of the day you can't use brain dead rules of thumb to alleviate the need to actually think things though. You actually need to consider the political and economic realities the various moves that various parties might make.
This is unfortunately a fact that’s easily obscured by the “clarity” of retrospection, through which big things look like obviously big things.