Equivalent in protecting American industry from competition. Or similiar if you would prefer. Not identical nor using the same methods but the exclusion of imports forced American consumers to buy American.
...yet one was intended as a wartime policy and the other was not. The one intended as a military policy is also said to have accomplished something that the other purported to do but in fact did not.
As I noted previously, the fact that the protectionist tariffs compare UNFAVORABLY to the 1808 Embargo Act - a policy that virtually everybody recognizes to have done more harm than good - is more than enough to relegate them to the ash heap of history.