Nigeria, March 4 -- 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.

For U.S. President Donald Trump, "tariffs" may be the most beautiful word in the dictionary, but it also makes investors nervous. Following Trump's refusal to exclude Canada and Mexico from a 25% levy on all goods imported from both nations, riskier assets like equities and cryptocurrencies plummeted on Monday.

The S&P 500 has experienced its biggest market decline since December 18 and is currently challenging its 200-day moving average, which is typically regarded as a support level. Should the index break below that line, it may experienc...