TEHRAN (Defapress)- In a statement issued after the weekly cabinet meeting, the PA said that Washington's decision "emphasizes its adoption of the Israeli government's anti-peace agenda and abolishes decades of US foreign policy and the role of former administrations toward the peace process", Xinhua reported.
Neither "the Palestinian people nor its leadership will accept bargaining on national standards, at any cost," it added.
US President Donald Trump declared last week that his administration will cut nearly all the financial aid which was pledged to spend on projects for the Palestinians in 2017, including the money allocated for humanitarian aid in the Gaza Strip.
The Trump administration claimed that it decided to redirect the aid, which is estimated at over 200 million dollars, to other projects elsewhere.
The Palestinian Authority has boycotted the Trump administration since Washington recognized the holy city of Jerusalem as Israel's capital and moved the US embassy in Israel to Jerusalem in May.
It has stated that it will reject the so-called "deal of century" that Washington plans to roll out this year to end the protracted stalemate in the Israeli-Palestinian peace process.
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