Daily SumUp

President Trump announced Monday that the U.S. would begin direct engagement with Iran.

During a meeting with Israeli Prime Minister Benjamin Netanyahu, Mr. Trump said that "we're having direct talks with Iran," beginning Saturday. "We have a very big meeting, and we'll see what can happen," he said. The president said Iran is "going to be in great danger" if the direct talks don't go well. 

The meeting with Netanyahu is took place as new tariffs Mr. Trump is levying on Israel and the rest of the world are about to go into effect on Wednesday. The U.S. is set to impose 17% tariffs on imports from Israel, effective Wednesday. Other nations, too, are scrambling to try to reverse Mr. Trump's tariffs.

Netanyahu said he told Mr. Trump that Israel would soon address his country's trade deficit with the U.S.

"I can tell you that I said to the president, a very simple thing — we will eliminate the trade deficit with the United States," Netanyahu said. "We intend to do it very quickly. We think it's the right thing to do. And we're also going to eliminate trade barriers."