Chatham House 39d ago

Is AUKUS a bad deal for Australia? Speaking at Chatham House on 11 May, former Australian prime minister Malcolm Turnbull described AUKUS as a ‘huge wealth transfer from the Australian government to the US and the UK’. ‘It’s a submarine deal with no submarines…It was a terribly bad deal, a really stupid deal,’ he said, adding that US naval yards are not producing submarines at sufficient scale and speed to meet AUKUS needs. From an event titled: ‘The Australian model: Navigating the US–China divide with Malcolm Turnbull’ 🎦 Watch the full event here: https://youtube.com/live/9cfJdJqZt3U?feature=share #AUKUS #Australia #australiapolitics #MalcolmTurnbull #ChathamHouse #Geopolitics #Defence #USChina #IndoPacific Thumbnail credit: https://www.royalnavy.mod.uk/news-and-latest-activity/news/2023/march/14/20230314-aukus-deal-delivers-new-class-of-submarines-for-uk-and-australia; Open Government Licence v3.0.