President Donald Trump says the U.S. will stop providing $4 billion in aid each year to Israel in 2027 but will sell arms to its closest ally in the Middle East.

The Republican president told Fox News Channel during a phone call on Tuesday that Israeli Prime Minister Benjamin Netanyahu had approached him about the idea and that they have been talking about it for a couple years.

Trump says Israel doesn't need the aid and it's a lot of money for the U.S. to spend.