Sublime complaining while VSCode is not?

This may well be user error, but I'm seeing error messages appear only in SublimeText such as:

Module '"/home/ian/src/monorep/node_modules/@types/react/index"' can only be default-imported using the 'allowSyntheticDefaultImports' flag

The code itself is relatively straight forward:

import React from 'react';

import { Button } from '.';

export default {
  title: 'Button',
  argTypes: { onClick: { action: 'clicked' } },
};

const Template = (args) => <Button onClick={args.onClick} />;

export const Default = Template.bind({});

The same code is fine within VSCode and does not show an issue.

You can see the file here https://github.com/IPWright83/monorep/blob/ts-bug/packages/components/src/components/Button/Button.stories.tsx
You can access a reproduction by cloning https://github.com/IPWright83/monorep and switching to the ts-bug branch and opening that file.

Clone the linked monorep reproduction, switch to the ts-bug branch, and open packages/components/src/components/Button/Button.stories.tsx. Compare the diagnostic shown in SublimeText with VSCode for this file and trace why they differ; done means the discrepancy is resolved or its cause is documented with a reproducible result.