{"id":65184,"date":"2026-07-21T21:38:15","date_gmt":"2026-07-22T01:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-targets-generics-with-100-tariffs-wistron-opens-texas-ai-super-plant\/65184\/"},"modified":"2026-07-21T21:38:15","modified_gmt":"2026-07-22T01:38:15","slug":"trump-targets-generics-with-100-tariffs-wistron-opens-texas-ai-super-plant","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-targets-generics-with-100-tariffs-wistron-opens-texas-ai-super-plant\/65184\/","title":{"rendered":"Trump Targets Generics with 100% Tariffs; Wistron Opens Texas AI &#8220;Super-Plant&#8221;"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump announced 100% tariffs on imported generic drugs starting in August 2028<\/strong>, with rates escalating to <strong>200% in 2029<\/strong> to force pharmaceutical manufacturing back to the U.S.<\/li>\n<li><strong>Wistron (<a href=\"\/stock\/3231.TW\">3231.TW<\/a>) inaugurated a $700 million smart factory in Texas<\/strong> to produce <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)&#39;s next-generation <strong>GB300 Grace Blackwell Ultra<\/strong> and <strong>Vera Rubin<\/strong> superchips.<\/li>\n<li><strong>The U.S. approved a landmark 30-year nuclear cooperation deal with Saudi Arabia<\/strong>, potentially allowing domestic <a href=\"https:\/\/stockmarketwatch.com\/metal\/uranium\" data-internallinksmanager029f6b8e52c=\"13\" title=\"Uranium\">uranium<\/a> enrichment in the kingdom to counter regional influence from Iran and China.<\/li>\n<li><strong>The Japanese yen hit a fresh 40-year low past \u00a5163 per dollar<\/strong>, prompting Finance Minister Katayama to warn of &quot;suitable measures&quot; as geopolitical tensions in the Middle East drive <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> higher.<\/li>\n<li><strong>Global commodity markets rallied<\/strong>, with <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a><\/strong> gaining 1% to reach <strong>$4,119.39 per ounce<\/strong> and <strong>Brent crude<\/strong> approaching six-week highs as the U.S.-Iran conflict intensifies.<\/li>\n<\/ul>\n<h2>Trump Escalates Trade War with Pharmaceutical Tariffs<\/h2>\n<p>President Donald Trump has unveiled a phased tariff plan targeting the generic drug industry, which currently accounts for <strong>90% of U.S. prescriptions<\/strong>. Under the new policy, generic medicines will remain tariff-free until <strong>August 1, 2028<\/strong>, at which point a <strong>100% duty<\/strong> will be applied to any products not manufactured domestically.<\/p>\n<p>The administration stated the levy will double to <strong>200% in August 2029<\/strong>, a move designed to &quot;penalize those companies that decide not to build plant and equipment&quot; within the U.S. This policy expands on previous Section 232 actions and places immense pressure on manufacturers reliant on production hubs in <strong>India and China<\/strong>.<\/p>\n<h2>Nvidia&#39;s Next-Gen AI Infrastructure Moves to America<\/h2>\n<p>Taiwanese electronics giant Wistron (<a href=\"\/stock\/3231.TW\">3231.TW<\/a>) officially opened its <strong>D1 smart facility in Fort Worth, Texas<\/strong>, marking a major milestone for U.S.-based AI hardware production. The <strong>324,000-square-foot plant<\/strong> is the first in America to mass-produce <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)&#39;s <strong>GB300 Grace Blackwell Ultra<\/strong> superchip.<\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> CEO Jensen Huang, attending the opening, noted that the facility would soon scale to produce the <strong>Vera Rubin<\/strong> superchip, which is reportedly <strong>10 times more efficient<\/strong> than its predecessor. The <strong>$700 million investment<\/strong> is expected to produce tens of thousands of AI boards monthly, serving as a critical hub for U.S. AI infrastructure.<\/p>\n<h2>Geopolitical Tensions Reshape Energy and Currency Markets<\/h2>\n<p>The Trump administration is set to submit a <strong>&quot;123 Agreement&quot;<\/strong> to Congress, formalizing a 30-year nuclear partnership with <strong>Saudi Arabia<\/strong>. The deal, estimated to be worth tens of billions of dollars, aims to give American firms a lead in the kingdom&#39;s nuclear infrastructure while potentially allowing for <strong>domestic uranium enrichment<\/strong>.<\/p>\n<p>In Asia, Japan&#39;s Finance Minister Satsuki Katayama described the <strong>U.S.-Iran situation as &quot;very difficult&quot;<\/strong> as the yen plummeted to levels not seen since 1986. While Katayama refrained from naming a specific &quot;red line,&quot; she signaled that Tokyo is prepared to take <strong>decisive action<\/strong> to stabilize the currency, which has been battered by rising oil prices and a wide interest rate gap with the U.S. Federal Reserve.<\/p>\n<h2>Market Reaction and Regional Security<\/h2>\n<p>Commodities reacted sharply to the escalating Middle East friction, with <strong>Gold prices climbing 1% to $4,119.39<\/strong> and crude oil futures advancing by over <strong>$1 per barrel<\/strong>. Simultaneously, South Korean authorities seized a <strong>3,000-ton cargo vessel<\/strong> suspected of violating U.N. sanctions on North Korea, further heightening regional security concerns.<\/p>\n<p>Asian equity markets, however, remained resilient, with <strong>Taiwan&#39;s stock market gaining over 2%<\/strong> following a recovery in semiconductor stocks on Wall Street. China&#39;s central bank also moved to support its economy, injecting <strong>76 billion yuan<\/strong> in liquidity through reverse repos while maintaining an unchanged 7-day rate of <strong>1.40%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump announced 100% tariffs on imported generic drugs starting in August 2028, with rates escalating to 200% 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