Ugh, no. Reagan did it successfully - look it up. Trump advocates carrot and stick: you give incentives to return money to the US while insisting on ending trade imbalance.
Targeted tariffs will work fine, especially since there is very little that China or Mexico can do to us. They could raise the cost of the companies that moved there, but that would only increase the incentive to move back.
Granted, it would be ugly for a while, and Trump will continue to get pilloried, but he seems to buck up to it rather well.
However was the net result with countries like Japan opening up factories here in the United States? Honda, Hondai etc?