I don't think this is that smart. For one, Rhode Island signed the Declaration of Independence and the Constitution which means that we are no longer British subjects and King Charles' charter has no force.
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In addition, even if that wasn't true, the text in the article mentions colonies specifically which means we could only regulate trade between British possessions not any and all countries.
This is purely performative and, while vaguely amusing, not really helpful. We couldn't do this any more than states claiming to want to secede from the Union could do that. We fought a war when the Confederacy tried and the Union won.
Other efforts to fight federal power, like sanctuary cities, are arguably more effective because they play in spaces where federal and state power might be more fluid.
Most of that seems to fall on the idea that the feds might be able to do something and state governments just don't have to assist them in any way. Hard to see how we could do that with collecting federal tariffs and duties.
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