The agreement between Australia and the United States is poised to foster a significant US$8.5 billion ($13 billion) pipeline of projects. Prime Minister Albanese highlighted that American investment will play a crucial role in advancing Australia’s capability to process critical minerals essential for manufacturing industries.

This deal, originally unveiled in 2021 during President Biden’s tenure, has been undergoing a thorough review by the United States. Despite this, former President Trump has assured that the initiative is “moving along rapidly,” with only “minor details” remaining to be resolved. He confidently stated that Australia would indeed receive the submarines as part of the agreement.

In discussing trade aspects, Trump noted that Australia benefits from exceptionally low tariffs in its dealings with the United States. “Australia pays very low tariffs, very, very low tariffs. In fact, Australia pays among the lowest tariffs,” he remarked, emphasizing the favorable economic relationship between the two nations.

AUKUS agreement to go ahead

The deal, announced in 2021 under the Biden administration, has been under review by the US.

But Trump said the plan was “moving along rapidly” and there were only “minor details” to be worked out, assuring Australia was “getting” the submarines.

Trump doesn’t budge on Australian tariffs

“Australia pays very low tariffs, very, very low tariffs. In fact, Australia pays among the lowest tariffs,” Trump said.

Tense moment with US ambassador Kevin Rudd

Trump turned to ask Albanese what had been said, before changing his mind, saying: “Don’t tell me.”

After the meeting concluded, Rudd was overheard apologising to Trump off-camera, with the US president reportedly replying “all is forgiven”.

Trump praises PM as ‘my friend’

Asked to compare Albanese to previous prime ministers Scott Morrison and Malcolm Turnbull, who were more politically aligned, Trump said it “wouldn’t be fair”.