Nigeria, March 5 -- 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.

The actual implementation of U.S. President Donald Trump's 25% tariffs on Canada and Mexico and an additional 10% on China shows that he wasn't just using them as a negotiation tool, as many had hoped. Since then, China and Canada have declared retaliatory tariffs, and Mexico has stated that it will respond on Sunday.

The United States may splinter international ties and geopolitical trade, but the economy and domestic consumers may suffer the most. Company executives in the retail and shipping sectors, which are key indicators of the econom...