<h1>Trump Announces 10% Universal Import Tariff Starting April 5, Shifting to 27% on April 9 for Over 60 Countries</h1> US President Trump has announced a universal 10% tariff on all imported goods effective April 5, to be replaced by a 27% duty on April 9, affecting over 60 countries including India. This will significantly impact India's shrimp exports (40% of which go to the US), carpet exports ($2 billion), and gems and jewelry exports (US accounts for 30% of India's $32.85 billion global exports). Medical device exports ($714.38 million) will also face challenges. However, India's electronics, textiles, and pharmaceutical sectors may gain an advantage over competitors, with pharmaceuticals being exempted from these tariffs. The apparel sector could benefit as competing countries face higher tariffs.