It is super laughable because the nuclear powered version that they are building for themselves was a fixed bid contract for something like 10 billion for 8 subs.. and the Australian contract keeps going up and up something like 35 billion for ten subs. The diesel sub for Australia is based on the nuclear sub that they signed the fixed bid contract for. Anybody with half brain can tell they are making up the lost of…
The upset is not just about the loss of a commercial deal, I'm sure there will be some contractual compensations. The issue is about the manner in which the deal was announced. Newspapers describe the urgent calls from the AU officials to their French counterparts hours before the very public announcement by the US, UK and AU. Diplomatically, that's a pretty callous thing to do to a partner. The ballooning costs may…
As for the trust part, I would say that this is more being naive, which is always a surprise to me.
We dealt with the British during Brexit and the overall feeling is that we lost the deal (fishing, British disregard of the deal, Irelands as an open entry point, ...). This is probably just a gut feeling, but we tend as a nation to wake up the hard way - surprised that others are not friendly.
It is time to acknowledge that we are a small fish compared to the US, China and we need to find a way to deal with that, and not still live in the idea that the world is looking at is.