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As it happened: US president vows speedy delivery of AUKUS submarines to Australia, tells Rudd ‘I don’t like you either’

Michael Koziol, Ellen Connolly and Brittany Busch
Updated ,first published
Pinned post from 12.37pm on Oct 21, 2025
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Thank you for joining us!

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Thank you for following our rolling coverage of the historic meeting between Australian Prime Minister Anthony Albanese and US President Donald Trump at the White House.

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Here’s a recap of what went down:

  • Albanese enjoyed a mostly friendly and constructive face-to-face meeting with Trump.
  • The president clearly affirmed the AUKUS defence pact, telling this masthead that the Biden-era agreement had been moving too slowly but now “we have it all set”. Trump said: “With Anthony, we’ve worked on this long and hard. We’re starting that process right now. I think it’s really moving along very rapidly, very well.”
  • A landmark critical minerals deal was struck, paving the way for joint rare earths projects between the two countries, as well as US projects in Australia. Albanese said Australia and the US would each contribute $US1 billion ($1.54 billion) over the next six months for projects that are immediately available, and the deal would unlock an $US8.5 billion pipeline of projects.
  • The meeting was briefly soured by an awkward moment when Trump was asked about disparaging tweets Australia ambassador to the US Kevin Rudd had made about him in the past. Trump told Rudd: “I don’t like you either, and probably never will.” Albanese treated the exchange as a joke, and Rudd later privately apologised to Trump after reporters left the room. “All’s forgiven,” Trump said, according to sources in the room.
  • The incident prompted the federal opposition to call for Rudd to be immediately removed from his post in Washington, with Opposition Leader Sussan Ley saying his position had become “untenable”. Foreign Affairs Minister Penny Wong has defended Rudd and said “the success of this meeting” was in great part due to his work.
  • Albanese invited Trump to visit Australia and the president said he would like to, and would give it serious consideration.

This is where we will end today’s coverage of the event, however you can follow along with our national news live blog for more rolling updates on the latest news from Australia and beyond throughout the afternoon.

Pinned post from 3.14am on Oct 21, 2025
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US, Australia sign rare earths agreement

By Ellen Connolly

Trump and Albanese got straight down to business after they met.

They signed an agreement on rare earth and critical minerals, which is aimed at ensuring a steady supply of the materials at a time when China is trying to tighten control over global supply.

Trump said the deal had been negotiated over four or five months. The Australian PM described it as an $US8.5 billion ($13.1 billion) pipeline “that we have ready to go.”

The full terms of the agreement were not immediately available, but Albanese said both countries will contribute $US1 billion over the next six months for joint projects.

The two leaders said part of the agreement had to do with processing of the minerals.

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Opinion: Trump brought knives, but China brought a bazooka

By Stephen Bartholomeusz

Despite Donald Trump’s rare earths deal with Anthony Albanese, it will take years for America to shed its dependence on China’s critical minerals.

But Beijing faces challenges, too. China’s economy is slowing, though it’s holding up better than expected in the face of Trump’s trade war.

Chinese President Xi Jinping.AP

Even as China’s “Fourth Plenum” gathering of the most senior members of the Communist Party got underway on Monday to rubber-stamp Xi Jinping’s next five-year economic plan, the latest economic data shows Asia’s biggest economy grew 4.8 per cent in the third quarter, compared with the same period last year.

While that represents a slowdown from the 5.2 per cent growth rate in the June quarter, it keeps the economy on track to meet Beijing’s “around 5 per cent” targeted growth for this year. It’s also a little better than most external forecasters had expected.

Opinion: Albanese deserves praise but Trump’s warm words don’t alter a grim reality

By Malcolm Turnbull

Anthony Albanese and his team, including ambassador Kevin Rudd, should be very pleased with their meeting with US President Donald Trump.

They achieved the main objective which was to get in and out without mishap. Trump lavished Albanese with praise and Albanese lavished back without appearing sycophantic.

Then-prime minister Malcolm Turnbull with US President Donald Trump at the White House in 2018.Getty Images

He maintained his dignity with charm and good humour. It was definitely a 10/10 in diplomatic and political terms.

But while Trump’s warm words will cheer the credulous, they do not alter reality.

Former prime minister Malcolm Turnbull has his say here.

Forget AUKUS, this was the Kevin Rudd mortification show

By Tony Wright

Despite all the careful toadying required to grease the wheels of a prime minister hoping for a successful sit-down at the White House, this one is destined to remembered less for Prime Minister Anthony Albanese’s AUKUS and rare minerals triumphs than for the mortification of a former PM: Kevin Rudd.

Australia’s Ambassador to the United States Kevin Rudd leaves after a meeting between Australian Prime Minister Anthony Albanese and US President Donald Trump at the White House in Washington.AAPIMAGE

It’s long been the way. When the forced-smile picture opportunities and the back-slapping and the declarations of undying loyalty between the US and Australia are all but forgotten, some exquisitely awkward moment has come to define such events for a string of prime ministers.

And now, Rudd finds himself in the frame for spoiling the Trump-Albanese love fest at the White House.

Read special writer Tony Wright’s observations here.

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‘Full steam ahead’: The key takeaways from Albanese’s meeting with Trump

By Michael Koziol

Prime Minister Anthony Albanese has secured a $13 billion critical minerals deal and a strong commitment to the AUKUS defence pact after a high-stakes meeting with Donald Trump where the US president praised Australia as an “amazing ally” and embraced Albanese as a friend.

In a televised Q&A at the start of the working lunch, Trump was ambivalent about Australia’s level of defence spending – despite past pleas for Canberra to spend more – and relaxed about Chinese aggression in the region, saying he did not expect President Xi Jinping to make a play for Taiwan.

Prime Minister Anthony Albanese and US President Donald Trump shake hands after signing a rare earth minerals agreement during a bilateral meeting in the White House.Getty Images

But the meeting was nearly overshadowed by an awkward exchange with Australian ambassador to the US Kevin Rudd, who sat opposite Trump at the table, and had to apologise to the president for past tweets calling him “a traitor to the west” and the “most destructive president in history”.

Here’s what the pair discussed in the public section of their long-awaited meeting.

Republican Senator backs critical minerals deal

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US Senator Todd Young, a Republican from Indiana and a China hawk, has welcomed the critical minerals deal inked by Anthony Albanese and Donald Trump.

“Glad to see this agreement with a trusted ally to help bolster our critical minerals supply chain and counter China’s influence,” he wrote in a post on X

View post on X

In 2021, Young co-sponsored a $US280 billion ($429 billion) bill designed to allow the US to compete with China as the rival superpowers battle for economic and technological dominance.

Meanwhile, in other Trump news… Kenny Loggins is not happy

By Nell Geraets

Danger Zone singer Kenny Loggins has slammed Donald Trump for using the classic Top Gun theme song in an AI-generated video depicting the US president as a king flying over protesters and bombing them with a brown sludge.

Trump posted the video on his Truth Social account seemingly in response to the “No Kings” protests that took place in the US over the weekend. In the video, the president is seen donning a gold crown while flying a fighter jet emblazoned with “King Trump”.

A screenshot of Donald Trump’s AI-generated video, which included a snippet of Kenny Loggins’ Danger Zone.Truth Social/@realDonaldTrump

The jet then releases the sludge onto protesters below, with Loggins’ hit Danger Zone, from the 1986 Tom Cruise film, providing the soundtrack.

Loggins responded to the video in a statement noting he did not authorise Trump’s use of his song in the video.

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Rare earths stocks rally

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Rare earths stocks rallied after Prime Minister Anthony Albanese and US President Donald Trump signed a landmark critical minerals deal that will pave the way for joint rare earths projects between the two countries, as well as US projects in Australia.

Australia’s rare earths producers have had a massive run this year, which accelerated after China earlier this month announced tighter global export controls of the minerals, which are crucial for industries covering semiconductors, defence technology, renewable energy and other sectors.

The Lynas Rare Earths processing plant in Kalgoorlie, Western Australia.Bloomberg

Addressing reporters with Trump at the White House after the meeting, Albanese said Australia and the US would each contribute $US1 billion ($1.54 billion) over the next six months for rare earths projects that are immediately available, and the deal would unlock an $US8.5 billion pipeline of projects.

“In about a year from now, we’ll have so much critical mineral and rare earths that you won’t know what to do with them,” Trump said.

Lynas, the nation’s biggest rare earths miner, and the only producer of so-called heavy rare earths outside China, jumped 4 per cent on the news, having seen its share price more than triple already this year. Iluka gained 5.8 per cent and Arafura Rare Earths soared 18.8 per cent.

Read the latest on the markets here.

Watch: Trump and Albanese speak about the US-Australia relationship

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Trump tells Rudd ‘all is forgiven’ – but the opposition wants him gone as ambassador

By Matthew Knott and Michael Koziol

The federal opposition has called for Kevin Rudd to be immediately removed from his post in Washington after President Donald Trump said he would never like Australia’s ambassador to the United States.

When reminded about past critical comments that Rudd had made about him during a White House meeting on Tuesday morning, Trump addressed the ambassador and said: “I don’t like you either, and probably never will.”

US President Donald Trump points as reporters raise their hands to ask questions during his press conference with Anthony Albanese.AP

Prime Minister Anthony Albanese treated the exchange as a joke, and Rudd later privately apologised to Trump after reporters left the room.

“All’s forgiven,” Trump said, according to sources in the room.

The initial exchange between Trump and Rudd stood out as a rare tense moment in an otherwise friendly meeting dominated by mutual praise between Albanese and Trump.

Read more here.

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