This is just a reinvention of the global minimum corporate tax effort, and it would fail for exactly the same reasons. Except, with the added benefit of making corporate tax avoidance procedures more complicated, without actually accomplishing anything (now you need to offshore your profits to a friendly high tax jurisdiction before offshoring them again to a low tax one).

Also, aside from the fact that this policy would fail, what you’re describing is a rather extreme import tarrif, which is a highly protectionist policy.