<h1>Trump Imposes 27% Tariff on Indian Exports with Some Exemptions, Government Examining Implications for Trade Agreement</h1> President Trump imposed universal duties on all countries exporting to the US, with India facing a steep 27% tariff on most goods. This affects Indian exports like shrimp, carpets, medical devices, and jewelry, while pharmaceuticals, semiconductors, energy, and certain minerals are exempted. The Indian government is 'carefully examining the implications' and working toward a Bilateral Trade Agreement with the US. India faces lower tariffs than competitors like China (54%), Vietnam (46%), and Bangladesh (37%). Economists suggest this could have a mild downside risk to India's GDP growth forecasts. The tariffs will be implemented in two stages: a baseline 10% duty effective April 5, followed by the additional 27% from April 9.