Nigeria, April 10 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are.

Donald Trump, the president of the United States, halted his high "reciprocal" tariffs and replaced them with a uniform 10% rate for ninety days. Following the announcement, stocks surged higher and reached all-time highs. According to Treasury Secretary Scott Bessent, Trump had the plan "all along."

Another question is whether the plan is sound. On Wednesday, investors shouldn't allow the rush of market enthusiasm to carry them away. Recall that Trump only permitted a 90-day reprieve to facilitate negotiations. The tariff rate of 10% is te...