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News 04 June 2026

 

What's New...

 

USTR Proposes Additional Section 301 Tariffs on Imports from 60 Economies, Including India

DGFT Seeks Stakeholder Comments on Aligning Export Policy (ITC HS 2022) with Finance Act, 2026 Amendments

India–Oman CEPA Comes into Force; Major Export Boost for Textiles, Handicrafts and MSMEs

10,000 Crore Price Stabilization Fund Approved for Airlines Amid ATF Price Surge

No More Auto Donation in Websites

OECD Warns Middle East Conflict Will Slow Global Growth and Raise Inflation Through 2027

AI, Robotics and Fire Preparedness Emerging as Key Priorities for Metal Recycling Industry

Trump Administration Rebuilds Global Tariff Regime Through Section 301 Forced-Labor Investigation

Trump Administration Resists Full Refund of $166 Billion in Illegal Tariffs Amid Ongoing Legal Battle

UPI Opens with Cambodia Cross Border, Nine Countries Now in Network

US Tightens Customs Rules to Allow Imports Only to those with American Assets

US to Dominate World LNG Market as Qatar Competition Weakens after Iran Attacks

 

01.06.2026

Diesel Export Duty Cut by Rs. 3 per litre but Petrol Up by 1.5 per litre, ATF Down by Rs. 6.5 per litre in Fortnightly Review

US Trade Team Visiting India 1-4 June, Deal to be Signed

SAED Rates on Export of ATF Cut by Rs. 6.5 per litre to Rs. 9.5 per litre w.e.f. 1 June, 2026

Cotton Duty (BCD and AIDC) Exempted Once Again Till New Kharif Crop Comes in, Concession only for Five Months from 1 June to 31 Oct. 2026

Zero Duty in India to Oman Goods for Five Percent Reciprocal Duty Concession

India-Oman CEPA Concessional Duty Notified

Central Command Helps Ships Cross Hormuz

Global Shipping Costs Surge Amid Iran War-Induced Fuel Crisis

Nvidia Expands Beyond Data Centers with AI-Powered PCs and Robotics

Oil Prices Rise as U.S.–Iran Strikes Continue Despite Peace Talks

US Travel Industry Opposes Proposal to Remove Customs Officers from Sanctuary City Airports

 

30.05.2026

Oil Price Falls to $91 as World Stocks Rally

DGFT Launches Electronic Preferential Certificate of Origin System for India–Oman CEPA from 1 June 2026

Six Chemical SIONs Gelatine, Ossein, and Chlorinated Paraffin Revised

Tariff Value for Silver Down by $87 per Kg to US$2368 per kilogram

India Vietnam Sign Digital Payments MoU

Industrial Park Scheme and BIS Hold Meeting in Delhi

NITI Aayog Unveils 10-Year Roadmap to Build a $120–150 Billion Semiconductor Industry by 2035

Two New SEZs Notified in Pondicherry

U.S. Companies Avoid Over $40 Billion in Taxes After Exit from Global Minimum Tax Deal

US Calls for New Economic Theories to Deal with Chinese Over Capacity

USTR Launches Section 301 Investigation into Vietnam’s Intellectual Property Practices

China Emerging as Worried Leader in Anti-Cancer and Other Bio Tech Pharma

IMF, World Bank, WTO and IEA Coordinate Response to Iran War

 

 

 

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Last Updated on 04-06-2026