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The White House’s April 2 pharmaceutical proclamation sets a 100% duty on certain patented drugs and ingredients, but the main tariff provisions do not hit all at once. Annex III companies face the first effective date, July 31, 2026, while other companies fall under the later September 29, 2026 start, and several products and negotiated lanes are carved out entirely.
Why it matters: Tariff carve-out maze
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The White House’s April 2 pharmaceutical proclamation sets a 100% duty on certain patented drugs and ingredients, but the main tariff provisions do not hit all at once. Annex III companies face the first effective date, July 31, 2026, while other companies fall under the later September 29, 2026 start, and several products and negotiated lanes are carved out entirely.
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The White House’s April 2 pharmaceutical proclamation sets a 100% duty on certain patented drugs and ingredients, but the main tariff provisions do not hit all at once. Annex III companies face the first effective date, July 31, 2026, while other companies fall under the later September 29, 2026 start, and several products and negotiated lanes are carved out entirely.
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