Washington DC, April 7 -- Prime Minister Benjamin Netanyahu on Monday (local time) announced that Israel would work to eliminate the trade deficit with the US and that too "very quickly" amid the turmoil in the global markets caused by US tariff tensions.

During a bilateral meeting with US President Donald Trump at The White House, 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," adding that Israel could also serve as a "model for many countries" who ought to do the same.

Netanyahu further expressed gratitude to President Trump for inviting him to the White House and praised him as a "remark...