San Diego | Australia will spend up to $368 billion over the next three decades to buy a fleet of eight nuclear-powered submarines, combining with the US and Britain to discourage Chinese military adventurism and preserve regional peace and prosperity.
As China lashed the agreement, US President Joe Biden declared the three countries were putting themselves in the best position to navigate the challenges of today and tomorrow, while standing alongside Anthony Albanese and UK Prime Minister Rishi Sunak at a navy base in San Diego.
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
