Following the formal announcement by India’s Minister of Commerce and Industry, the India–Oman Comprehensive Economic Partnership Agreement (CEPA) will take effect on 1 June 2026. Market attention has largely focused on the surface-level benefit that “Oman will exempt an average 5% import tariff on 98% of Indian export goods.”

【Japan No Longer Demands the US to Fully Eliminate Auto Tariffs, Proposes a Tax Reduction Plan】According to Japan's Asahi Shimbun, Japan no longer demands the US to fully eliminate the 25% auto tariffs but has proposed a tax reduction mechanism based on the contributions of various countries to the US automotive industry. Under Japan's latest proposal, the US will reduce auto tariffs based on factors such as the number of vehicles produced by Japanese automakers in the US and the number of vehicles exported from the US to other markets.