May the parade go the same route as his similarly unpopular border wall where he keeps pretending it will happen "someday" even though no one wants to foot the bill.
"A great celebratory parade costs money, Mr. Trump, and it's YOUR Pentagon that's suggesting more than $90 million".
Trump decided he wanted a military parade in Washington after he attended France's Bastille Day celebration in the centre of Paris a year ago.
About $13 million of the city's expenses would be for police costs. But Trump continued to embrace the idea and administration officials trudged ahead with the planning in recent months.
Trump said he would instead travel to Paris for events marking the centennial of the end of fighting in World War I, which falls on Veterans Day, Nov. 11. It's not clear when Trump was told, but the order to cancel the parade came quickly and was made by the end of the work day.
One of the main reasons countries throw military parades is to showcase their might without having to blow anything up. The next air show will be held in May 2019.
Defense Secretary Jim Mattis scoffed at the cost estimate and attacked the media for reporting the number.
The parade would cost about US$92 million, according to USA officials citing preliminary estimates more than three times the price first suggested by the White House.
Trump had ordered a show of military prowess after marveling at France's Bastille Day parade previous year - but the idea drew scorn from critics, who said it would be a waste of money and akin to events staged by authoritarian regimes such as North Korea. And that set off a volley of tweets and accusations between the president and the mayor of the nation's capital.
As for Trump's blaming D.C. politicians, Mayor Muriel Bowser admitted that she provided the White House with a $21.6 million estimate to hold the event (well above Trump's initial estimate) and tried to discourage it due to the expense for taxpayers.
Bowser said in an interview that she found Trump's accusation that District officials were trying to exaggerate the city's security and logistical costs galling, especially since the city had been working to plan the event with little lead time.
Trump said he pulled the plug because local politicians were charging a "ridiculously high" price.