| ◼ Nick Fuentes says “women are very difficult to be around.” We’re confident the feeling is mutual.
◼ Given the unusually fluid decision-making in this White House, President Donald Trump’s new National Security Strategy (NSS) should be seen as a snapshot of current thinking rather than holy writ. Nevertheless, its contents merit serious consideration for their strengths, weaknesses, and consequences. (The NSS is read abroad.) The emphasis on the continued value of deterrence is welcome, as is the greater focus on the Western Hemisphere. No harm can come from the recognition that success internationally is ultimately conditional on success at home. When it comes to the economy, however, this should not be used as an excuse for industrial policy that extends beyond defense or defense-related sectors. The document’s principal flaws are a lack of precision on the nature of the U.S. support for its allies and partners, a (perhaps feigned) naïveté about our ability to work productively with Russia and China, and the invective directed at Europe that may often be deserved but—at a delicate time—is unhelpful. There is also no recognition of the geopolitical damage inflicted by our trade wars. America First should not become America Alone.
◼ Trump announced a deal with chipmaker Nvidia to allow the company to sell advanced AI semiconductors to Chinese firms, bypassing U.S. export controls on sensitive technologies. In exchange, the federal government will receive 25 percent of the revenue from the sales. This agreement builds upon an earlier deal, inked over the summer, that permitted the export of less-powerful chips to China on the condition that the government receive a 15 percent cut. But Nvidia wasn’t satisfied. It lobbied the Trump administration to approve exports of its second-most-advanced model, the H200, built to enable frontier-scale AI such as large language models. Keen to extract wealth from a private company in search of a favor, the president acquiesced once he secured a piece of the action. The U.S. government will now profit from supporting a Chinese AI industry that is racing to defeat our own. There are only two possible explanations for what happened here: If the export of advanced chips to China never actually threatened the United States, Trump has extorted Nvidia, using the power of the state to constrain the company’s business until it handed over a few billion dollars. If the export controls did serve vital U.S. interests, however, the president has sold out national security for a quick payoff.
◼ Trump announced a $12 billion aid package for farmers injured by his global trade war. Farmers have indeed had a terrible year. But Trump’s tariffs have made their plight much worse by simultaneously driving crop prices down and input prices up. Before this year, approximately one-quarter of U.S. soybean production went to China. That number went to zero as China retaliated against Trump’s tariffs. In the fall, Trump claimed to have struck a trade deal with China. Just as in Trump’s first term, however, China has utterly failed to uphold its side of the bargain, and so soybean prices have fallen again since the deal was announced. As crimped export markets have caused a glut of corn and soybeans, tariffs have also raised the prices of fertilizer and machinery. The average tariff rate on such agricultural inputs has risen from less than 1 percent at the beginning of the year to 9.4 percent. The proper solution to farmers’ financial woes in 2025 is the same as it was in 2018: ending the tariffs, not bailing out some of their victims.
◼ There is nothing in principle wrong with electric vehicles (EVs). There is, however, everything wrong with forcing manufacturers to make, and consumers to buy, such cars. Yet the Biden administration was moving in this direction. That EVs and the infrastructure to support them were and are not yet ready for mass adoption added insult to injury. The Trump administration has rightly reversed its predecessor’s abuse of fuel economy standards to impose EVs on America. The ending of tax credits to buy EVs is also welcome. If EVs can succeed in the free market, whether as a niche or mass-market product, that is fine. If not, that is fine too. It is also encouraging that the EU, alarmed at the economic impact of its plan to ban the sale of conventional cars (and, insanely, of hybrids) by 2035, is now mulling a grudging and possibly limited reprieve—until 2040. If Brussels still insists on a ban, how about 3040 as a compromise?
◼ In the months since the assassination of Charlie Kirk, Candace Owens has dedicated her podcast to promoting conspiracy theories about his murder on almost a daily basis without offering any credible evidence to back up her wild claims. It’s hard to think of a more straightforward murder case than the one against accused assassin Tyler Robinson, which is supported by forensic evidence, text messages, and video surveillance. But no amount of evidence has stopped Owens from “just asking questions” about the shooting and making a bizarre set of claims implicating Israel, Jewish donors, and the staff of the Turning Point USA organization that Kirk founded. Erika Kirk and the organization (which she now leads) tried ignoring it, but because Owens is one of the leading podcasters in America, her claims were gaining constant attention. So this week, Erika Kirk broke her silence with an emotional plea to Owens to stop smearing the staff. Her anger is justified. But even though Owens had said on multiple occasions that she would stop talking about the assassination if Mrs. Kirk asked her to, she shows no signs of letting up. That said, the recent statements from TPUSA and Mrs. Kirk have emboldened many right-wing influencers and podcasters to speak out against Owens and the damaging consequences of conspiratorial thinking taking over the conservative movement. It’s never too late to stand up for rationality and truth. |