The German chemical giant BASF is examining whether its American operations have grounds to pursue legal action seeking refunds on import tariffs, following the U.S. Supreme Court’s decision to strike down numerous trade duties implemented during the Trump administration.
Speaking at a press conference following the release of quarterly financial results, BASF CEO Markus Kamieth explained the company’s position on potential legal action.
“If this change in regulations does indeed result in a legal title for BASF Corporation, we of course have a fiduciary duty to pursue this claim,” Kamieth stated during the event in Ludwigshafen, Germany.
The chief executive noted that the company’s internal review of potential claims remains in progress, with no definitive conclusions reached yet. BASF’s Finance Chief Dirk Elvermann pointed out that the majority of products the company sells within the United States are manufactured domestically, which would significantly reduce any direct financial impact from the previous import tariff structure.
