BYD Files Trade Lawsuit, Seeks Tariff Refund (BYD-IV.N - Jan 26, 2026)

BYD, the Chinese electric-vehicle maker, has filed a lawsuit against the U.S. government challenging the use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs and seeking a refund for all levies paid since last April. The suit, filed at the U.S. Court of International Trade on January 26, alleges the statute does not authorize border taxes as its text does not employ the word "tariff" or equivalent terms. BYD North America, which employs 750 workers in Lancaster, California, and operates in North America in commercial vehicles, batteries, energy storage and solar, is among the entities involved. The U.S. Supreme Court is expected to rule on the legality of the tariffs, with officials noting the high stakes involved. The case is No. 26-00847.