Also: I think it would make more sense for those targeted tariffs to be one of the last steps in creating a home-grown industry, and not one of the first. Rather than slapping down some tariffs and hoping that your captains of industry will build the infrastructure to meet the demand, you’d instead want to subsidize the industry first, and only put the tariffs in place to curb imports once domestic production has ramped up. By applying the tariffs first, you’re just taxing your population with no incentive for change, because the demand doesn’t disappear while waiting for the industry to be built, and the people who might do the building can just pass the import costs on to the consumer anyhow.
Also: I think it would make more sense for those targeted tariffs to be one of the last steps in creating a home-grown industry, and not one of the first. Rather than slapping down some tariffs and hoping that your captains of industry will build the infrastructure to meet the demand, you’d instead want to subsidize the industry first, and only put the tariffs in place to curb imports once domestic production has ramped up. By applying the tariffs first, you’re just taxing your population with no incentive for change, because the demand doesn’t disappear while waiting for the industry to be built, and the people who might do the building can just pass the import costs on to the consumer anyhow.