Published by Global Banking & Finance Review®
Posted on February 27, 2026
1 min readLast updated: April 2, 2026
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BASF CEO Markus Kamieth said the group will pursue tariff reimbursements if its U.S. unit has a valid legal claim after a Feb. 20, 2026 U.S. Supreme Court ruling found Trump’s IEEPA-based tariffs unauthorized—potentially opening the door to refunds, but with no automatic repayment process. ([scotusb
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)
BASF said it may pursue reimbursement of import tariffs after the U.S. Supreme Court quashed many of President Donald Trump's tariffs.
He said that if the regulatory change results in a legal title for BASF Corporation, BASF has a fiduciary duty to pursue the claim.
No. Kamieth said the internal assessment is ongoing and the outcome is unclear.
Finance Chief Dirk Elvermann said most products sold in the United States were made there, strongly limiting any direct impact from import duties.
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