Australia Unveils Record Defence Spending Boost, Falling Short of Trump's Demands
AI summaryAustralia's Labor government announced a record $425 billion defence spending plan over the next decade, adding $53 billion to boost capabilities and self-reliance. The plan raises spending to 3% of GDP by 2033 under NATO methodology, but still falls short of President Trump's 3.5% demand. Defence Minister Richard Marles emphasized the indispensable US alliance while stressing greater self-reliance.