New Delhi, April 3 -- Ahead of tariff announcement by US President Donald Trump, the White House has reaffirmed its stance on tariffs, stating that Trump's first-term policies strengthened the US economy. It has stated that a 2024 study highlighted that tariffs led to significant reshoring in industries like manufacturing and steel production, contributing to job creation and industrial investment.

A 2023 report by the US International Trade Commission analysed the effects of Section 232 and 301 tariffs on over $300 billion worth of imports. The study concluded that tariffs reduced imports from China and stimulated US production, with minimal downstream price increases.

Despite concerns from economists and policymakers, the Economic Pol...