(((Alan Tonelson)))

Founder of RealityChek - a blog covering economics, national security, tech, & their intersections. Also checking in regularly on the general human condition.

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/mSJU6gd6PZ

[(((Alan Tonelson))) @AlanTonelson]

The latest sign of the US manufacturing revival under Trump 2.0: September machine tool orders set a new monthly record - topping $1 billion. Up 38% m/m and more than doubling y/y. But according to tariff opponents, this has zero to do with trade Trump 2.0's trade duties. 🤣

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/4GLpqawZIg

[(((Alan Tonelson))) @AlanTonelson]

My new RealityChek post explains why export control problems at the Commerce Department may not have started with the current Nvidia-related charges.

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/6EyYSjKVR6

[(((Alan Tonelson))) @AlanTonelson]

The US ‌midterms' results are "unlikely to ‌soften Washington's protectionist trade stance & may... increase uncertainty around tariffs, warned...a member of the influential German ‌Council of ⁠Economic Experts." Has he been paying attention? Or thinks Dems are blowing smoke?

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/DCslQtYkC4

[(((Alan Tonelson))) @AlanTonelson]

.@jimgeraghty thinks there's a serious chance that the victorious Congress Democrats who ran hard on lifting all Trump tariffs (including on China) in return for nothing will crack down on Nvidia and tech export controls. Too funny.

[(((Alan Tonelson))) @AlanTonelson]

Looks like at least some of the victorious Democrats' plans for coddling China could go way beyond lifting the Trump tariffs in return for...nothing. HT @scott

[Nicholas Wu @nicholaswu12]

New - Some Democrats on the House Foreign Affairs Committee are encouraging leaders to scrap the China committee

Ami Bera: "we’ve already got a Foreign Affairs Committee, we’ve already got the Subcommittee on Asia and the Pacific..."

w/ @Eleanor_Mueller
https://t.co/nhHKcqBrwc

[(((Alan Tonelson))) @AlanTonelson]

Thanks as always to all our veterans. We all owe you so much.

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/TZmTdVOBD8

[(((Alan Tonelson))) @AlanTonelson]

More fun hijinks from illegal aliens who came in during Democratic presidents and let loose onto the streets by judges: This past week's accused attempted jetliner hijacker and bomber.

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/5QWa1Kv0gs

[(((Alan Tonelson))) @AlanTonelson]

Trump aide defends tariffs at an event hosted by the @USchamber - a pillar of the corporate Offshoring Lobby. Yet globalist fmr Trump 1.0 aide & Goldman Sachs Gary Cohn - one of DJT's many awful picks then - calls them "a consumption tax" on US consumers. Aping the Dems' line.

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/e4Gu2gmQrA

[(((Alan Tonelson))) @AlanTonelson]

ICYMI, my new RealityChek post has all the info you need to listen to the podcast of my appearance last night on @batchelorshow (with co-host @GordonGChang) on possible changes - in America's favor - in the US-China rare earths balance of power.

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/0llh2q7gDD

[(((Alan Tonelson))) @AlanTonelson]

One big reason that the US should consider some version of a value-added tax - or a tariff offset: The rebates China's VAT system awards to its exporters "now cost the government almost one-eighth of its tax revenues." And of course the VAT penalizes imports.

[(((Alan Tonelson))) @AlanTonelson]

Link to above: https://t.co/diHAqpXqMP

[(((Alan Tonelson))) @AlanTonelson]

My new RealityChek post explains why today's official US consumer inflation report makes clear that tariff opponents still have a long way to go to prove that the trade levies have significantly boosted prices across the board.