Depends on what you mean by "could work". If the domestic industry is able to compete with imported products then there's no need for any tariffs. If it's unable to compete, then it's either more expensive and/or of a worse quality. Demand is going to drop in any case, fewer products will be sold and businesses will go out of business.
The price of raw materials needed by the industry will certainly increase, because although there is a chance that a country the size of USA might be able to find all the raw materials it needs on its own territory (which at this time does not include Greenland...), it's pretty much guaranteed that it won't have enough quantities of everything to satisfy the demand. And then there's the things you have an overabundance of. If you're no longer able to export those because of the tariffs then a lot of those factories are going to have to close.
So it "could work" in the sense that you "could survive" throwing yourself under the bus. The only thing that's certain is that it's going to be extremely painful and not at all good for you.