The China Mail - Trump says Australia will get submarines as PM visits

USD -
AED 3.672496
AFN 64.999906
ALL 79.173956
AMD 365.259984
ANG 1.789783
AOA 918.000328
ARS 1497.752097
AUD 1.404011
AWG 1.80125
AZN 1.703533
BAM 1.673104
BBD 2.01539
BDT 122.281202
BGN 1.696366
BHD 0.377268
BIF 2973.916317
BMD 1
BND 1.271932
BOB 11.542986
BRL 5.188397
BSD 1.000659
BTN 95.718306
BWP 13.434508
BYN 3.043612
BYR 19600
BZD 2.012524
CAD 1.37833
CDF 2272.999794
CHF 0.799101
CLF 0.023435
CLP 922.570392
CNY 6.72975
CNH 6.72438
COP 3063.16
CRC 453.402228
CUC 1
CUP 26.5
CVE 94.330261
CZK 20.647002
DJF 178.187838
DKK 6.400185
DOP 58.471778
DZD 132.807972
EGP 50.870472
ERN 15
ETB 163.449465
EUR 0.85613
FJD 2.19785
FKP 0.735015
GBP 0.73345
GEL 2.594452
GGP 0.735015
GHS 11.132356
GIP 0.735015
GMD 73.50124
GNF 8792.543704
GTQ 7.635945
GYD 209.26741
HKD 7.84308
HNL 26.831146
HRK 6.450699
HTG 130.914597
HUF 311.878498
IDR 17766.35
ILS 2.997651
IMP 0.735015
INR 95.71825
IQD 1310.845723
IRR 1374600.000041
ISK 121.590074
JEP 0.735015
JMD 158.313693
JOD 0.709034
JPY 158.750263
KES 129.410004
KGS 87.449104
KHR 4023.337582
KMF 421.999995
KPW 900.000294
KRW 1393.250241
KWD 0.30823
KYD 0.833925
KZT 456.002874
LAK 22541.886418
LBP 89608.575327
LKR 330.163782
LRD 181.619088
LSL 16.146032
LTL 2.95274
LVL 0.60489
LYD 6.337338
MAD 9.252116
MDL 17.181525
MGA 4276.542323
MKD 52.628652
MMK 2099.608389
MNT 3598.398104
MOP 8.084231
MRU 39.988023
MUR 46.810304
MVR 15.450516
MWK 1735.176615
MXN 16.955031
MYR 4.0452
MZN 63.89499
NAD 16.145824
NGN 1347.639951
NIO 36.828238
NOK 9.34833
NPR 153.148806
NZD 1.68046
OMR 0.384493
PAB 1.000654
PEN 3.350814
PGK 4.498929
PHP 61.737018
PKR 277.656585
PLN 3.695565
PYG 6025.116772
QAR 3.647726
RON 4.495499
RSD 100.427023
RUB 83.263534
RWF 1470.917848
SAR 3.756633
SBD 8.032258
SCR 13.808986
SDG 601.500427
SEK 9.48745
SGD 1.27179
SHP 0.740866
SLE 24.596888
SLL 20969.499227
SOS 571.883194
SRD 37.689735
STD 20697.981008
STN 20.959339
SVC 8.755908
SYP 13001.999906
SZL 16.142113
THB 32.847504
TJS 9.246023
TMT 3.5
TND 2.9105
TOP 2.40776
TRY 47.95449
TTD 6.781357
TWD 31.910499
TZS 2645.50298
UAH 44.634778
UGX 3722.127883
UYU 40.105225
UZS 11847.637787
VES 776.44435
VND 26102
VUV 118.216132
WST 2.729275
XAF 561.160206
XAG 0.014614
XAU 0.000221
XCD 2.70255
XCG 1.803429
XDR 0.707052
XOF 561.165007
XPF 102.02362
YER 237.075011
ZAR 16.118645
ZMK 9001.20062
ZMW 18.886955
ZWL 321.999592
  • CMSC

    -0.0184

    21.28

    -0.09%

  • GSK

    -0.9200

    51.96

    -1.77%

  • BCC

    -1.3600

    81.77

    -1.66%

  • RBGPF

    0.3500

    69.35

    +0.5%

  • NGG

    -0.0400

    80.62

    -0.05%

  • RIO

    1.7300

    102.17

    +1.69%

  • BCE

    0.0800

    23.78

    +0.34%

  • BTI

    0.7200

    56.7

    +1.27%

  • CMSD

    -0.0300

    21.12

    -0.14%

  • BP

    1.4100

    45.14

    +3.12%

  • RYCEF

    -0.1800

    20.42

    -0.88%

  • JRI

    0.0300

    12.41

    +0.24%

  • RELX

    0.2800

    35.38

    +0.79%

  • AZN

    -0.4600

    164.49

    -0.28%

  • VOD

    -0.1600

    16.01

    -1%

Trump says Australia will get submarines as PM visits
Trump says Australia will get submarines as PM visits / Photo: © AFP

Trump says Australia will get submarines as PM visits

US President Donald Trump said Australia would get coveted nuclear-powered attack submarines and signed a deal on rare earth minerals with Prime Minister Anthony Albanese at the White House on Monday.

Text size:

The promise to Australia, which promotes itself as a key US ally against China, came after the Trump administration said earlier this year it was reviewing a deal for the subs signed under previous president Joe Biden.

"The submarines that we're starting to build for Australia are really moving along," Trump told reporters as he sat alongside Albanese in the cabinet room of the White House.

"We've worked on this long and hard, and we're starting that process right now. And it's really moving along very rapidly, very well."

The two leaders also signed a deal on critical minerals and rare earths, which are vital for the technology that runs the global economy.

Albanese has touted Australia's abundant critical minerals as a way to loosen China's grip over global supplies.

The Australian premier meanwhile managed to ride out an awkward confrontation between Trump and Australia's ambassador to Washington -- former prime minister Kevin Rudd.

Rudd deleted a series of critical social media posts about Trump following the Republican's election victory last year.

"I don't like you either. I don't. And I probably never will," Trump said to Rudd when a reporter pointed out that the ex-PM was in the room and asked the US president whether he minded the comments.

Australians have a mostly unfavorable view of the Trump administration, polling shows, though the country relies on the United States to balance China's expanding military clout in the Pacific region.

- Rare earths -

Australia's government had been hoping for Trump's blessing of the 2021 agreement for at least three of the silent, Virginia-class submarines within 15 years.

The AUKUS submarine deal between Australia, the United Kingdom and the United States could cost Australia up to US$235 billion over the next 30 years, according to Canberra.

But the Trump administration said in June it had put AUKUS under review to ensure it aligned with his "America First agenda."

Some domestic critics had said the United States did not produce enough Virginia-class submarines to supply Australia as well as its own navy.

The nuclear-powered vessels lie at the heart of Australia's strategy of improving its long-range strike capabilities in the Pacific.

Australia had a major bust-up with France after it tore canceled a multibillion-dollar deal to buy a fleet of diesel-powered submarines from Paris and go with the AUKUS program instead.

In the run-up to the White House talks, Australia also sold itself to Washington as a future source of critical minerals including rare earths -- of which China is by far the world's largest supplier.

Australia sits on deposits of lithium, cobalt and manganese as well as rare earth metals used in technologies from semiconductors to defense hardware, electric cars and wind turbines.

Albanese announced plans in April for a strategic reserve of critical minerals to provide to "key partners" such as the United States.

The reserve is designed to help relax China's chokehold on global critical minerals production, which it has been accused of leveraging to pressure trade partners.

Trump this month threatened 100-percent tariffs on China in response to its latest rare earths export curbs.

But Trump insisted on Monday that he now predicted a good trade deal with China at talks in South Korea with Chinese President Xi Jinping.

L.Johnson--ThChM