President Donald Trump says he will be ending joint military exercises between the United States and South Korea.

Trump made the announcement Tuesday at a news conference in Singapore after his historic meeting with North Korea’s Kim Jong Un.

North Korea has long objected to the annual exercises, viewing them as practice for future military action against the North by the United States.

Trump cast his decision as a financial consideration, saying the U.S. will save a lot of money by canceling the drills.