A Chinese delegation visited Brazil to promote Asian trade relations and discuss major infrastructure projects, including a railway project linking the South American country to a huge port in Chancay, Peru, according to the South China Morning Post.

"Nigeria and South Africa have signed an agreement to enhance cooperation in mining, highlighting Abuja's efforts to diversify its economy away from oil," Nigeria's Mining Minister Dele Alake said on Thursday.

Chinese President Xi Jinping, during his meeting with Cambodian Senate President Hun Sen in Phnom Penh, emphasized that trade wars undermine the multilateral trading system and destroy the global economic system.

It’s as if the world is standing on one foot, watching the escalating tariff war between China and the United States, after both countries imposed massive reciprocal tariffs. This reflects the volume of trade between the two nations and raises many questions and concerns among observers.

China’s Ministry of Commerce stated on Wednesday that the U.S. threat to impose 245% tariffs on Chinese imports shows that the United States has reached an irrational level in using tariffs as a weapon.

The Muscat Stock Exchange 30 Index closed higher on Wednesday at 4,304.44 points, marking an increase of 26.4 points or 0.62% compared to the previous trading session, which stood at 4,278.02 points.

The administration of US President Donald Trump threatened to impose tariffs of up to 245% on Chinese goods in response to what it described as China's retaliatory measures, including raising tariffs and suspending metal exports.

Official European data has showed that the annual inflation rate in the Eurozone fell to 2.2% in March, down from 2.3% in February.

The Trump administration on Wednesday threatened to impose a 245% tariff on Chinese goods in response to Beijing's retaliatory measures, which include not only raising tariffs but also suspending metal exports.

U.S. media reported on Tuesday that the United States may lose billions of dollars in revenue due to declining tourist inflows and the avoidance of American goods following the imposition of tariffs.

Global markets registered a significant rise on Monday after US President Donald Trump announced that electronic goods imported from China would not be subject to tariffs, easing trade tensions between the two countries.

The Muscat Stock Exchange 30 Index closed on Tuesday up 1.8 points, or 0.04 percent, to reach 4,278.02 points, compared to the last trading session's close of 4,276.22 points.

Major European stock indices ended higher on Monday.

The United States plans to impose new tariffs on smartphones, computers, and a number of other electronic devices, in addition to duty-free semiconductors, on imports from China over the next two months.

The Chinese government said that the United States' decision to exempt some consumer electronics from what is known as "reciprocal" tariffs is a limited step towards correcting what it described as US mistakes, and urged Washington to take greater steps to eliminate these duties completely.

The University of Michigan Consumer Confidence Index released on Friday revealed that consumer confidence in the United States fell sharply this month.

China has accused the United States of ignoring World Trade Organization (WTO) rules, undermining the legitimate rights , interests of WTO members, and damaging the multilateral trading system by imposing so-called "reciprocal tariffs".

US stocks has lost more than half of their historic gains recorded despite the easing of the trade war following President Donald Trump's announcement that he would suspend most of the new tariffs.

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala announced on Wednesday that, according to the organization's initial forecasts, trade between China and the United States could decline by 80 percent due to tariffs.

US President Donald Trump announced on Wednesday that he would raise tariffs on the People's Republic of China to 125 percent due to its "disrespect for global markets."