Latest news with #WarrenStephens
The Independent
2 days ago
- Politics
- The Independent
Aukus: UK and Australia speak out over US review of submarine deal
Downing Street has responded to reports of a US review of the Aukus defence pact with the UK and Australia, deeming it "understandable" for America to assess the project. The review, led by Elbridge Colby, has raised concerns that a future Trump administration might withdraw from the agreement if it does not align with an "America first" agenda. A UK Government spokesperson downplayed the possibility of the US pulling out, highlighting Aukus as "one of the most strategically important partnerships in decades." Australian Defence Minister Richard Marles stated he had known about the review for some time and welcomes it, noting the UK and Australia also reviewed the deal after their elections. Despite some questioning the deal, the US ambassador to London, Warren Stephens, has backed Aukus, and Australia has already made the first of six $500 million payments to the U.S. to bolster American submarine manufacturing.
Washington Post
23-05-2025
- Business
- Washington Post
The new US ambassador meets Starmer after Trump urges the UK to drill for more oil
LONDON — U.S. Ambassador Warren Stephens met British Prime Minister Keir Starmer on Friday to 'convey the priorities of the Trump administration,' after President Donald Trump urged the U.K. to ditch wind power projects and drill for oil. The U.S. Embassy said those priorities include 'maximizing the U.S.-U.K. partnership to advance our shared interests, such as the recently announced trade deal and our defense and security alliance which promotes stability and prosperity worldwide.'
Associated Press
23-05-2025
- Business
- Associated Press
The new US ambassador meets Starmer after Trump urges the UK to drill for more oil
LONDON (AP) — U.S. Ambassador Warren Stephens met British Prime Minister Keir Starmer on Friday to 'convey the priorities of the Trump administration,' after President Donald Trump urged the U.K. to ditch wind power projects and drill for oil. The U.S. Embassy said those priorities include 'maximizing the U.S.-U.K. partnership to advance our shared interests, such as the recently announced trade deal and our defense and security alliance which promotes stability and prosperity worldwide.' The embassy said the meeting at 10 Downing St. was the second for the two men since Stephens, a billionaire investment banker and Republican donor, took up his post on May 12. Stephens arrived in London just after the two governments struck a trade deal that saw the Trump administration lift tariffs on U.K. autos, steel and aluminum in return for greater access to Britain for American products including beef and ethanol. Trump wrote on the Truth Social platform Friday that the agreement 'is working out very well for all.' But he advised Britain 'that in order to get their Energy Costs down, they stop with the costly and unsightly windmills, and incentivize modernized drilling in the North Sea, where large amounts of oil lay waiting to be taken.' He said the North Sea had 'a century of drilling left, with Aberdeen as the hub,' and claimed 'U.K.'s Energy Costs would go WAY DOWN, and fast!' with more oil extraction. One of the president's two Scottish golf courses, Trump International Golf Links, is near Aberdeen. Britain is investing heavily in wind farms as it seeks to generate all of the country's energy from renewable sources by 2030 and break free from what Starmer has called 'the rollercoaster of international fossil fuel markets.' The Trump administration is doing the opposite — prioritizing fossil fuels, including boosting coal, canceling financing for clean energy and climate-friendly projects, and targeting the wind industry. In contrast to his words about Britain, Trump threatened Friday to impose a 50% tax on all imports from the EU, saying trade talks with the 27-nation bloc 'are going nowhere.'
Belfast Telegraph
19-05-2025
- Business
- Belfast Telegraph
Trump's man in London backs Aukus partnership with UK and Australia
Warren Stephens highlighted how 'vital the US-UK relationship is to our countries and to the world' at an event in Parliament attended by Sir Keir Starmer. Mr Stephens said the Aukus partnership, which is developing a new fleet of nuclear-powered hunter-killer submarines for the UK and Australia, would help maintain a 'free and open Indo-Pacific'. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. Please review your details and accept them to load the content The ambassador's decision to make his first public address in support of the project is symbolically important, given it is a legacy of Joe Biden's term in the White House. The alliance, which also covers collaboration on other advanced technologies, is seen as an attempt to counter the influence of China in the region. Mr Stephens said Aukus was based on 'peace, security and prosperity'. 'Those three ideas lie at the heart of our partnership promoting peace by developing our technologies and deterring our adversaries, bolstering security by training and trading together to fend off threats from cyber attacks to submarines and boosting prosperity by maintaining a free and open Indo-Pacific, while creating jobs and investment from Brisbane to Barrow and to Newport News.' He said Aukus was a 'partnership built on trust, and the United States is proud to stand alongside Britain and Australia, two of our closest allies, as we deepen our collaboration to respond to a changing world'. Mr Stephens also highlighted the economic opportunities from the project: 'Government works best when we get out of the way and let our businesses innovate, compete and collaborate to improve people's lives. 'President Trump and I know this to be true, as it has been repeatedly proven throughout history. That fact is built into the Aukus partnership, which sees great American, British and Australian companies innovating and investing to maintain our critical technological edge.' The Prime Minister told the event in the House of Lords, organised by the all-party parliamentary group on Aukus, that 'when we talk about security and stability, we mean it – in the Indo-Pacific and here at home'. He said Aukus was already creating thousands of jobs in Barrow, where the submarines will be built and Derby, where Rolls-Royce produces the nuclear reactors to power the boats. 'This is transformational, an investment in our collective security and a reminder today, and every day of the service out there, of people who are risking their lives to keep us safe,' Sir Keir said. Australia's high commissioner Stephen Smith told the event: 'What underpins economic growth is, of course, security and the Aukus trilateral partnership is, at its very heart, ensuring we continue to have peace and security, not just in the Indo-Pacific, but in the Euro-Atlantic as well.'
South Wales Guardian
19-05-2025
- Business
- South Wales Guardian
Trump's man in London backs Aukus partnership with UK and Australia
Warren Stephens highlighted how 'vital the US-UK relationship is to our countries and to the world' at an event in Parliament attended by Sir Keir Starmer. Mr Stephens said the Aukus partnership, which is developing a new fleet of nuclear-powered hunter-killer submarines for the UK and Australia, would help maintain a 'free and open Indo-Pacific'. On my first day at the Embassy, I had the chance to meet the incredibly talented team at @USAinUK. Every day they are working hard to make America safer, stronger, and more prosperous as we carry out the agenda of @POTUS. I fully appreciate the importance of my role as Ambassador… — Ambassador Warren Stephens (@USAmbUK) May 12, 2025 The ambassador's decision to make his first public address in support of the project is symbolically important, given it is a legacy of Joe Biden's term in the White House. The alliance, which also covers collaboration on other advanced technologies, is seen as an attempt to counter the influence of China in the region. Mr Stephens said Aukus was based on 'peace, security and prosperity'. 'Those three ideas lie at the heart of our partnership promoting peace by developing our technologies and deterring our adversaries, bolstering security by training and trading together to fend off threats from cyber attacks to submarines and boosting prosperity by maintaining a free and open Indo-Pacific, while creating jobs and investment from Brisbane to Barrow and to Newport News.' He said Aukus was a 'partnership built on trust, and the United States is proud to stand alongside Britain and Australia, two of our closest allies, as we deepen our collaboration to respond to a changing world'. Mr Stephens also highlighted the economic opportunities from the project: 'Government works best when we get out of the way and let our businesses innovate, compete and collaborate to improve people's lives. 'President Trump and I know this to be true, as it has been repeatedly proven throughout history. That fact is built into the Aukus partnership, which sees great American, British and Australian companies innovating and investing to maintain our critical technological edge.' The Prime Minister told the event in the House of Lords, organised by the all-party parliamentary group on Aukus, that 'when we talk about security and stability, we mean it – in the Indo-Pacific and here at home'. He said Aukus was already creating thousands of jobs in Barrow, where the submarines will be built and Derby, where Rolls-Royce produces the nuclear reactors to power the boats. 'This is transformational, an investment in our collective security and a reminder today, and every day of the service out there, of people who are risking their lives to keep us safe,' Sir Keir said. Australia's high commissioner Stephen Smith told the event: 'What underpins economic growth is, of course, security and the Aukus trilateral partnership is, at its very heart, ensuring we continue to have peace and security, not just in the Indo-Pacific, but in the Euro-Atlantic as well.'
