The Trust Nest
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
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!
    Popular Topics
    • Trump’s reported snub of Taiwan president spurs concerns over deference to China
    • Things are getting better at Boeing under CEO Ortberg, but can he keep it going?
    • Senate confirms Trump pick to lead independent Nuclear Regulatory Commission
    • Bondi DOJ files complaint alleging misconduct by Federal Judge James Boasberg
    • DAVID MARCUS: I’ve seen enough human suffering in homeless encampments to know Trump’s new policy is right
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    The Trust Nest
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Latest News

    Pentagon may sink Biden-era deal to sell Australia nuclear-powered submarines

    • June 12, 2025

    The Pentagon is considering backing out of the nuclear submarine agreement former President Joe Biden struck with Australia and the United Kingdom, amid shipbuilding problems back at home. 

    ‘The Department is reviewing AUKUS as part of ensuring that this initiative of the previous Administration is aligned with the president’s ‘America First’ agenda,’ a U.S. defense official said. 

    ‘As Secretary Hegseth has made clear, this means ensuring the highest readiness of our service members, that allies step up fully to do their part for collective defense, and that the defense industrial base is meeting our needs. This review will ensure the initiative meets these common sense, ‘America First’ criteria.’

    Under the deal, which was seen as a response to China’s growing military threat in the Indo-Pacific, the U.S. and the UK would help Australia acquire conventionally armed, nuclear-powered submarines. Canberra would initially purchase several Virginia-class submarines in the early 2030s. The three nations would jointly design a new class of submarines, with Australian production beginning in the 2040s.

    The three nations also agreed to share technology in cyber and quantum capabilities, AI, hypersonics and deep sea radar. 

    In a confirmation hearing in March, Pentagon policy chief Elbridge Colby seemed leery of offering Australia nuclear-powered submarines while the U.S. struggles to produce enough for itself. 

    ‘If we can produce the attack submarines in sufficient number and sufficient speed, then great. But if we can’t, that becomes a very difficult problem because we don’t want our servicemen and women to be in a weaker position,’ Colby said.

    Australia plans to increase its defense spending to 2.4% by the mid-2030s, but the U.S. is pushing it to boost that figure much faster. 

    In a recent meeting in Singapore with Australian defense minister Richard Marles, Defense Secretary Pete Hegseth told Marles the U.S. wants to see Australia spend 3.5% on defense. 

    Admiral Sam Paparo, head of Indo-Pacific Command, voiced support for the AUKUS initiative in April. 

    ‘AUKUS delivers something to INDOPACOM that is critical and could be a key advantage, and that is a Indian Ocean submarine base. This gives us faster response time to the South China Sea than in Hawaii, in Washington, in San Diego,’ Paparo said.

    Congress has appropriated billions of dollars to boost submarine- and ship-building capabilities, but some lawmakers claim the Pentagon’s plans to do so remain opaque. Meanwhile, experts estimate that China’s shipbuilding capabilities are around 230 times higher than those of the U.S. 

    Rep. Rosa DeLauro, the House’s top Democrat appropriator, pressed Hegseth on his shipbuilding plan in a hearing this week. 

    ‘There is a gap,’ Hegseth admitted, ‘but we believe we are closing it.’

    However, DeLauro was not satisfied, demanding detailed data to back up that claim.

    ‘We do not have any information or data that can substantiate what you’re saying,’ she shot back. ‘Give us the details.’

    ‘We’ve had difficulty with the prior administration, and I don’t mind calling them out. What is your plan for the future?’


    This post appeared first on FOX NEWS
    Related Topics
    • Featured

    Previous Article
    • Latest News

    RFK Jr. picks eight for vaccine panel after firing all 17 members

    • June 12, 2025
    View Post
    Next Article
    • Latest News

    Gorsuch warns Supreme Court decision gives IRS ‘powerful new tool to avoid accountability’

    • June 12, 2025
    View Post
    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!
      Popular Topics
      • Trump’s reported snub of Taiwan president spurs concerns over deference to China
      • Things are getting better at Boeing under CEO Ortberg, but can he keep it going?
      • Senate confirms Trump pick to lead independent Nuclear Regulatory Commission
      • Bondi DOJ files complaint alleging misconduct by Federal Judge James Boasberg
      • DAVID MARCUS: I’ve seen enough human suffering in homeless encampments to know Trump’s new policy is right
      • About us
      • Contacts
      • Privacy Policy
      • Terms and Conditions
      • Email Whitelisting
      Copyright © 2025 thetrustnest.com | All Rights Reserved

      Input your search keywords and press Enter.