Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Latest News

US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep

The U.S. wants to fast-track outfitting Australia with nuclear submarines under the trilateral agreement between the U.S., Australia and the U.K. to beef up Australia’s submarine force aimed at countering Chinese influence in the Indo-Pacific. 

In the agreement, known as AUKUS, the U.S. will sell up to five Virginia-class nuclear-powered submarines to Australia — slated for delivery as soon as 2032. Additionally, Australia and the U.K. will then coordinate to build additional attack submarines for Australia’s fleet. 

But President Donald Trump told reporters that he is eyeing a faster timeline, when asked if he was interested in speeding up the process. 

‘Well we are doing that, yeah … we have them moving very, very quickly,’ Trump told reporters Monday while meeting with Australia’s prime minister, Anthony Albanese, at the White House. 

Even so, Trump also said that he didn’t believe that AUKUS was necessary to deter China as he touted his relationship with Chinese President Xi Jinping, who he is expected to meet with in South Korea later in October. 

‘I don’t think we’re going to need it,’ Trump said about the trilateral agreement. ‘I think we’ll be just fine with China. China doesn’t want to do that. First of all, the United States is the strongest military power in the world by far. It’s not even close, not even close. We have the best equipment. We have the best of everything, and nobody’s going to mess with that. And I don’t see that at all with President Xi.’

Meanwhile, the AUKUS deal hasn’t been on the most steady footing as the U.S. runs up against its own challenges with its shipbuilding capabilities. 

A slim workforce and insufficient supply chain in the U.S. shipbuilding industry could stymie the agreements, according to a Congressional Research Service report issued in March. The report also cautioned that the U.S. Navy would suffer a shortage of attack submarines for 20 years.  

Although the Navy has ordered two boats annually for the past 10 years, U.S. shipyards have only been able to produce 1.2 Virginia-class submarines annually since 2022, according to the report.  

Trump and Albanese also signed a critical minerals deal Monday during their meeting. The deal will require both countries to invest more than $3 billion throughout the next six months in critical mineral projects, according to a White House fact sheet. 

The deal also requires the Department of War to invest in a 100 metric ton-per-year advanced gallium refinery in Western Australia to support ‘self-reliance in critical minerals processing,’ according to the fact sheet. 

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Economy

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...