US President Donald Trump announced that Washington is ending its 10-year, $3.8 billion annual security assistance deal with Israel early, stating that Prime Minister Benjamin Netanyahu agreed Israel no longer requires the funding.

WASHINGTON: US President Donald Trump said Tuesday that Washington is ending a 10-year security assistance deal with Israel that allowed $3.8 billion in annual assistance to its ally until 2028.

Trump said Israel was “fine” with him ending the assistance, which began in 2019 and was signed under his predecessor, Barack Obama, three years earlier.

“We’ll help Israel if they need it,” he added in an interview on US current affairs show Fox and Friends, saying that he had agreed with Israel’s Prime Minister Benjamin Netanyahu to cut the assistance.