When the Trump administration's lawyers go before the U.S. Supreme Court on Wednesday to argue a crucial case that will determine the limits of presidential tariff authority, they will be asking the justices to accept contradictory claims about the value of foreign investment in the United States.

In a brief filed with the court ahead of this week's oral argument, the government's attorneys argue that foreigners buying up American "assets" is a serious enough threat to require emergency executive powers over trade.

"By the end of 2024, foreigners owned approximately $24 trillion more of U.S. assets than Americans owned of foreign assets," the administration argues. That imbalance has "weakened" the United States and "created an ongoing economic emergency of historic proportions."

In the

See Full Page