Nigeria, April 24 -- 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.

In addition to initiating his trade campaign, U.S. President Donald Trump was the first to flinch in his tariff war.

Late on Tuesday, Trump declared that the 145% tariff on Chinese goods that is currently in place is "very high, and it won't be that high." It won't be nearly that high, sorry. It will drop significantly. However, it won't be zero. Despite the lack of official negotiations, the president's more tactful remarks on China contrasted sharply with his more aggressive statements earlier in April.

China has welcomed the discussions...