Palestinian Authority President Mahmoud Abbas has rejected the plan announced by the White House on Tuesday.

"I want to say to Trump and Netanyahu -- Jerusalem is not for sale. All our rights are not for sale or for compromise. Your deal is a conspiracy and it will not work," Abbas said in a news conference in Ramallah in the West Bank.

He added that the Palestinian people will reject the proposal and "will put it in the bins of history."

"We shall not kneel and will not surrender," Abbas said, branding the plan "the slap of the century," alluding to Trump's billing of the plan as "the deal of the century."

"We say again – no, no, no to the deal of the century."

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Trump presents 'Deal of the Century'