Truthful Investor - Investing and Stock News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
Truthful Investor - Investing and Stock News
No Result
View All Result
Home Latest News

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

by
October 20, 2025
in Latest News
0
US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

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
Previous Post

Chip Roy says Democratic Party taking its ‘dying breaths’

Next Post

GOP bill targets United Nations’ global carbon ‘tax scheme’

Next Post
GOP bill targets United Nations’ global carbon ‘tax scheme’

GOP bill targets United Nations’ global carbon ‘tax scheme’

  • Trending
  • Comments
  • Latest
LendingTree founder and CEO Doug Lebda dies in ATV accident

LendingTree founder and CEO Doug Lebda dies in ATV accident

October 15, 2025
Erika Kirk honors late husband Charlie in emotional White House tribute: ‘A free man made fully free’

Erika Kirk honors late husband Charlie in emotional White House tribute: ‘A free man made fully free’

October 15, 2025
From Israel to Ukraine, Trump spends week focused on navigating global conflicts

From Israel to Ukraine, Trump spends week focused on navigating global conflicts

October 18, 2025
Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO

Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO

October 17, 2025
James Comey seeks to dismiss his criminal case, citing ‘vindictive’ prosecution

James Comey seeks to dismiss his criminal case, citing ‘vindictive’ prosecution

0
Erika Kirk honors late husband Charlie in emotional White House tribute: ‘A free man made fully free’

Erika Kirk honors late husband Charlie in emotional White House tribute: ‘A free man made fully free’

0
Charlie Kirk’s legacy guiding ‘unhappy’ generation toward faith, family and fulfillment endures after death

Charlie Kirk’s legacy guiding ‘unhappy’ generation toward faith, family and fulfillment endures after death

0
Hawley pushes ban on Obamacare coverage for gender transitions, abortion amid shutdown: ‘No more loopholes’

Hawley pushes ban on Obamacare coverage for gender transitions, abortion amid shutdown: ‘No more loopholes’

0
James Comey seeks to dismiss his criminal case, citing ‘vindictive’ prosecution

James Comey seeks to dismiss his criminal case, citing ‘vindictive’ prosecution

October 20, 2025
Hamas transfers coffin of dead hostage to Israel, IDF confirms

Hamas transfers coffin of dead hostage to Israel, IDF confirms

October 20, 2025
GOP bill targets United Nations’ global carbon ‘tax scheme’

GOP bill targets United Nations’ global carbon ‘tax scheme’

October 20, 2025
US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep

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

October 20, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    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!

    Recent News

    James Comey seeks to dismiss his criminal case, citing ‘vindictive’ prosecution

    James Comey seeks to dismiss his criminal case, citing ‘vindictive’ prosecution

    October 20, 2025
    Hamas transfers coffin of dead hostage to Israel, IDF confirms

    Hamas transfers coffin of dead hostage to Israel, IDF confirms

    October 20, 2025
    GOP bill targets United Nations’ global carbon ‘tax scheme’

    GOP bill targets United Nations’ global carbon ‘tax scheme’

    October 20, 2025
    US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep

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

    October 20, 2025
    • About us
    • Contact us
    • Terms & Conditions
    • Privacy Policy

    Copyright © 2024 Truthfulinvestor.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Copyright © 2024 Truthfulinvestor.com All Rights Reserved.