Will eliminate trade deficit with US: Israeli PM

Israeli Prime Minister Benjamin Netanyahu has said that Israel will eliminate the trade deficit with the United States. Netanyahu made this statement during a joint press briefing at the White House, with US President Donald Trump.

Will Eliminate Trade Barriers: Israeli PM

Talking about Israel’s plans regarding its trade with the US, Netanyahu said, “We will eliminate the trade deficit with the United States. We intend to do it very quickly. We think it's the right thing to do, and we're going to also eliminate trade barriers, a variety of trade barriers that have been put up unnecessarily, and I think Israel can serve as a model for many countries who ought to do the same.”

Recognise Position Of US: Netanyahu

The Israeli Prime Minister also supported the reciprocal tariffs announced by the Trump administrations saying that he “recognised the position of the United States.” Explaining the stance taken by the US, Netanyahu added, “It says, you know, we're allowing other countries to put tariffs on us, but we don't put tariffs on them. And you know I'm a free trade champion and free trade has to be fair trade, and I think that's basically the position that you have put forward, Mr. President.” He concluded saying Israel was going to eliminate the tariffs “and rapidly.”

Israel Is Cutting All Tariffs: Trump

US President Donald Trump hailed Israeli Prime Minister’s commitment on trade with the US. Trump said, “This is unrelated because it's a different kind of a relationship, but he (Netanyahu) started off our conversation today that he's cutting all of the tariffs, he's cutting everything. He's going to get down to a free base. He's going to do things that, in all fairness, other countries, if they said that, would have never even thought about doing it.”

Every Country Wants Trade Talks: Trump

The US President said, “I will say this, virtually every country wants to negotiate. If I didn't do what I did over the last couple of weeks, you wouldn't have anybody who wants to negotiate. We would have gone to these countries who want to talk, and they were, well, we don't want to talk, now they're coming to us.”