Nigeria, Feb. 28 -- 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.

U.S. President Donald Trump threatened on Wednesday to impose a 25% tax on the European Union and warned Thursday he would approve tariffs on Canada and Mexico, which are now on hold.

These are some of the United States' most important trading partners and closest allies. If the tariffs are imposed, anticipate economic repercussions and geopolitical conflict.

Some of the consequences may have already started. The U.S. jobless claims for the week ending February 22 increased more than anticipated and reached their highest level since early O...