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U.S. Compliance Advisory: August 4, 2026
CSMS # 69415934 - GUIDANCE: Reduction of Tariffs on Patented Pharmaceuticals and Pharmaceutical Ingredients for Products of the United Kingdom Implemented by Presidential Proclamation 11020
CBP has implemented a reduction of the additional Section 232 tariff from 10% to 0% for qualifying patented pharmaceuticals and associated pharmaceutical ingredients that are products of the United Kingdom, effective 12:01 a.m. ET on July 31, 2026.
CSMS # 69428352 Modifications to the Processing of Post Summary Corrections
Key changes and requirements:
- Effective August 5, 2026, importers/brokers must pay PSC-related increases in duties, taxes, and fees electronically via Automated Clearing House (ACH).
- Payments by check or cash will no longer be accepted.
- This updates prior guidance from January 14, 2017, which allowed payments to be deposited at the port of entry listed on the entry summary.
!!! IEEPA Refund Processing Services!!!
Email your request to: Customs_Compliance_Group@am.kwe.com and a member of our IEEPA Refund processing team will reach out to you.
ADVISORY SIGN UP – ONE FORWARDER, ONE BROKER = OVERALL COMPLIANCE
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