Very foolish.
Instead, we need to re-do our taxes, including corporate taxes.
We should first off remove all corporate taxes on any/all goods that are produced in America with at least 50% parts (by price), and to rise by 2.5% each year until it hits 80%.
Corporate taxes on goods made outside of America a normal corporate tax needs to be applied with no write-offs. That esp includes no write-offs for foreign taxes. I would do a progressive tax up to 20% on the foreign stuff.

Then a VAT of 17-20% on ALL CONSUMED GOODS/SERVICES needs to be applied. That includes any parts/ingredients that are imported for use in other items. 

Then we can get rid of this insane sugar tax that T/GOP just applied to help their friends.