Overview
- President Trump said the nuclear‑powered submarine program for Australia is moving ahead after a U.S. review earlier this year.
- The two governments signed a resource partnership committing more than $3 billion to lithium, cobalt, manganese and rare‑earth projects over the next six months.
- Officials presented the investments as a way to diversify supply chains and lessen U.S. reliance on China’s dominance in critical materials.
- AFP reported China has signaled export limits on rare earths and that Trump has threatened 100% tariffs in response.
- At the White House event, Trump mocked Australian Ambassador Kevin Rudd over past remarks; Australian media later reported Rudd apologized and was told he was forgiven as opposition figures called for his resignation.