Trump's Tariff Hike: Tower Hill Mines Stock Plummets 3.93%

International Tower Hill Mines Ltd. fell 3.93% intraday as Trump plans to raise steel and aluminum tariffs to 50% starting June 4, which could increase metal prices and raise costs for U.S. metal consumers. Citibank noted that the investigation under Section 232 could extend high tariffs to copper, platinum group metals, and other base metals. Higher tariffs are expected to drive up metal prices, presenting arbitrage opportunities for investors as U.S. metal prices may exceed global market prices.