BASF is looking into legal claims by U.S. unit for tariff reimbursement

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)