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Trump's Tariff Hike: Tower Hill Mines Stock Plummets 3.93%
Wednesday, Jun 4, 2025 11:00 am ET1min read
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, , 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.
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