Sort of, but it's more a direct the economy away from stocks and speculation and into local assets like treasuries, Gold, and Bitcoin. The exterior tariffs are kind of a cudgel to lower US prices while increasing monetary supply( Because they have to soon or else there's going to be an obvious default). If treasuries go up, interest rates can be lowered which again dumps massive capital into the market. With aversion to speculative stocks, capital flows to local economies and commerce. This will absolutely rek the other countries but the US will begin to recover. But, yeah, on the surface: taxes (on international businesses) go up.