• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by October 20, 2025
written by October 20, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Chip Roy says Democratic Party taking its ‘dying breaths’
next post
Hamas transfers coffin of dead hostage to Israel, IDF confirms

related articles

Trump says he believes Hegseth ‘100%’ on Venezuelan...

December 1, 2025

Trump gave Maduro ultimatum to flee Venezuela as...

December 1, 2025

Trump says ‘don’t read anything into it’ when...

December 1, 2025

Trump envoy Steve Witkoff heads to Moscow as...

December 1, 2025

Ukraine peace talks productive as ex-government official says...

December 1, 2025

Congress races against 3-week deadline to tackle massive...

November 30, 2025

State Department warns UK over grooming gang handling:...

November 29, 2025

MIKE DAVIS: After Trump case collapses, time for...

November 29, 2025

Northwestern to pay $75M in federal civil-rights deal...

November 29, 2025

Trump to void all documents allegedly signed by...

November 28, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


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!

Latest News

  • Judge denies Democrat-led effort to block DOGE access, citing lack of proven harm

    February 18, 2025
  • All major Las Vegas Strip casinos are now unionized in historic labor victory

    August 5, 2025
  • Biden’s woes converge: Last-minute pardons under fire, calls for prosecution mount following Hur tape release

    May 18, 2025
  • ‘Dr. Strangelove with a mustache’: Bolton blasted for ‘profiteering’ off US secrets by White House advisor

    August 26, 2025
  • Elon Musk opines on ‘major driver of white males becoming trans’

    September 3, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,915)
  • Investing (634)
  • Stock (957)

Latest Posts

  • In a reversal, Disney’s media assets are starting to generate more excitement than its parks

    August 8, 2024
  • Hunter Biden’s pardon sets troubling precedent, risks politicizing Justice Department, critics say

    December 3, 2024
  • Could Trump win the Nobel Peace Prize after Israel-Hamas deal?

    October 9, 2025

Recent Posts

  • House passes bill that would sanction International Criminal Court for trying to arrest Netanyahu

    January 9, 2025
  • Medvedev warns Trump’s new deadline to end Russia-Ukraine conflict is a ‘step towards war’

    July 29, 2025
  • Michael Moore’s stark warning to Democrats on election momentum: ‘It’s ours to blow’

    August 18, 2024

Editor’s Pick

  • House GOP lawmaker rejects committee assignments to dedicate time to DOGE

    December 17, 2024
  • Former Republican US senator endorses Kamala Harris, says election offers ‘stark choice’

    September 27, 2024
  • Donald Trump Shot Again at West Palm Beach Golf Club

    September 17, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock