Trump announces the end of US financial aid to Israel

Trump announced a decision to stop financial aid to Israel during a phone call with Fox News, claiming that both he and Israeli Prime Minister Netanyahu agreed on this. He stated that Israel no longer needs financial support and that this move would counter arguments against the U.S.-Israel alliance regarding high costs. The announcement raises questions about the existing 2016 memorandum that allocates $38 billion in military aid to Israel until 2028. While the memorandum requires annual Congressional approval, it remains unclear how Trump's declaration will affect ongoing military cooperation and funding for missile defense programs. Netanyahu has previously expressed a desire to gradually reduce Israel's dependence on U.S. military aid, but Trump's announcement suggests a faster timeline, potentially ending aid by the end of 2026.