• 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
DOJ seeks removal of Comey’s defense lawyer, citing conflict of interest
next post
GOP bill targets United Nations’ global carbon ‘tax scheme’

related articles

Saudis won’t let the US use its bases...

January 31, 2026

US approves massive arms sales to Israel and...

January 31, 2026

‘Opening Pandora’s Box’: Mike Johnson backs Trump after...

January 31, 2026

Trump scores strategic win as Panama court ousts...

January 31, 2026

Senate passes federal funding compromise; Democrats score victory...

January 31, 2026

Senate passes federal funding compromise as Democrats score...

January 31, 2026

Federal judge strikes down parts of Trump executive...

January 31, 2026

Republicans, Dems break through resistance, move forward with...

January 30, 2026

Ukraine races to bolster air defenses as Putin’s...

January 30, 2026

US escalates sanctions on Iranian officials as Trump...

January 30, 2026
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

  • Alibaba Stock Rises 5% in Premarket

    November 15, 2024
  • Heritage rips Harris’ ‘dangerously liberal’ policy record with new website, 6-figure outreach to independents

    August 28, 2024
  • Biden jokes ‘I’m a young man’ during interview with Special Counsel Robert Hur

    May 17, 2025
  • Biden-Harris admin treatment of Ukraine, Israel wars ‘differs substantially,’ experts say

    November 4, 2024
  • June home sales slump as median sales price rises to $426,900

    July 24, 2024

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 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 (7,733)
  • Investing (910)
  • Stock (969)

Latest Posts

  • Trump open to considering re-entry into World Health Organization: ‘They’d have to clean it up’

    January 27, 2025
  • Stock exchange bloodbath: Wall Street’s ‘Fear Index’ VIX soars, nears pandemic market rout

    August 5, 2024
  • Teens spend more than a quarter of their time at school on phones, new study finds

    February 4, 2025

Recent Posts

  • Massie drops colorful analogy opposing foreign aid, mocks Speaker Johnson with AI-generated image

    December 18, 2024
  • Tencent Stock: Q3 Profit Surges 47%, Gaming and Ads Lead

    November 15, 2024
  • China attacked US with hackers. We need to hit back hard

    December 16, 2024

Editor’s Pick

  • Harris claims Trump win would be ‘catastrophic’ for Social Security, but first term tells different tale

    October 22, 2024
  • Nvidia stock continues slide: is the AI darling’s moat drying up as competition intensifies?

    December 4, 2025
  • Trump’s new American doctrine means peace through strength has returned

    June 30, 2025
  • 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