Nigeria, April 29 -- 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 tariffs that U.S. President Donald Trump imposed and then abruptly halted have caused governments worldwide to struggle with how to minimize the economic impacts. Ironically, however, tariffs may hurt American consumers.

Temu, a Chinese online retailer known for offering affordable goods, raised prices over the weekend, citing "import charges." According to an analysis by Annie Palmer and Gabrielle Fonrouge of CNBC, those fees can eventually quadruple the cost of a typical transaction and even surpass the price of the commodities themse...