Netanyahu vows to end tariffs on American goods, work with Trump to end trade deficit

He told a room of dignitaries and reporters, “we will eliminate the trade deficit with the United States. We intend to do it very quickly."

Published: April 7, 2025 3:33pm

Updated: April 7, 2025 3:33pm

Israeli Prime Minister Benjamin Netanyahu on Monday announced from the Oval Office that his nation would eliminate tariffs imposed by his nation on American goods. He became the first world leader to visit the White House after Trump announced new tariff rates with trade partners across the globe. 

He told a room of dignitaries and reporters, “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.”

During weekend media appearances the previous two days, multiple Trump administration officials confirmed that at least 50 countries have reached out to Trump in an effort to make a deal with the U.S. 

The director of the National Economic Council, Kevin Hassett told ABC’s This Week that "more than 50 countries have reached out to the president to begin a negotiation, but they're doing that because they understand that they bear a lot of the tariff."

Addressing concerns that the tariffs will hurt Americans, he told ABC’s George Stephanopoulos, “I don't think that you're going to see a big effect on the consumer in the U.S. because I do think that the reason why we have a persistent, long-run trade deficit these people have very inelastic supply. They've been dumping goods into the country in order to create jobs.”

Additionally, Treasury Secretary Scott Bessent told NBC‘s Meet the Press, "More than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation."

The meeting took place amidst Israeli troops deploying to a new security corridor in Gaza to pressure Hamas and seize broader territories to expand its so-called security zones. 

This was Netanyahu's second trip to the White House during Trump's second term.

The Facts Inside Our Reporter's Notebook

  • Kevin Hassett told ABC’s This Week
  • Bessent told NBC‘s Meet the Press
  • troops deploying to a new security

Unlock unlimited access

  • No Ads Within Stories
  • No Autoplay Videos
  • VIP access to exclusive Just the News newsmaker events hosted by John Solomon and his team.
  • Support the investigative reporting and honest news presentation you've come to enjoy from Just the News.
  • Just the News Spotlight

    Support Just the News