LUDWIGSHAFEN, Germany, Feb 27 (Reuters) – BASF’s CEO said if the chemical group finds its U.S. subsidiary has a legal claim, it will sue for import tariff reimbursement after the U.S. Supreme Court quashed many of President Donald Trump’s tariffs.
“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,” CEO Markus Kamieth said during a press conference after releasing quarterly results.
He added the internal assessment was ongoing and the outcome unclear. Finance Chief Dirk Elvermann said that most products sold in the United States were made there, strongly limiting any direct impact from import duties.
(Reporting by Patricia WeissWriting by Ludwig , editing by Kirsti Knolle)
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