AUKUS, Britain and Australia
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Investors should consider the impact of President Donald Trump’s defense posturing on international sales of defense submarines.
Anthony Albanese has rejected comments that the Pentagon’s review into the AUKUS defence deal threatens the future of the pact, with Australia yet to confirm a face-to-face meeting with US President Donald Trump.
While Trump has shown disdain for agreements – Exhibit A being his overriding of free trade deals, including Australia’s, as part of his global tariff war – cancelling AUKUS would be a significant breach of faith with America’s two closest security allies.
The Trump administration has ordered a review of AUKUS to be led by Undersecretary of Defense Policy Elbridge Colby. The review has some attendant risks, but also a potential upside for the three-way partnership.
Anthony Albanese has declared the $368bn AUKUS defence pact is central to the security interests of Australia, the US and Britain ahead of the G7 summit in Canada and a critical meeting with Donald Trump that threatens to be undermined by the unfolding war in the Middle East.
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A former defence minister doesn't believe the US will walk away from the AUKUS security pact altogether, despite the Pentagon starting a review of the agre
In 2021, the Aukus security pact was hailed as a bold reconfiguration of 21st Century deterrence strategy – a trilateral alignment between Australia, the United Kingdom, and the United States aimed
Australia will have “a very high price to pay if AUKUS fails”, opposition defence spokesman Angus Taylor says.