The decision to move the embassy from its historic location in London's Grosvenor Square was made under President George W. Bush and announced in October 2008.
In his tweet Mr Trump said: "Reason I cancelled my trip to London is that I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for "peanuts", only to build a new one in an off location for 1.2 billion dollars".
Mr Trump also criticised the location of the new building in Vauxhall, south London, as an "off location", adding: "Wanted me to cut ribbon-NO!"
December CPI inflation over 5.2%, dashing hopes of RBI rate cut
Within the food items, the inflation increased for vegetables to 2.57%, meat and fish 4.22%, fruits 9.48% and oils and fats 4.37%. One of those one-off factors that has been holding down annual price growth: a drop last spring in prices for cellphone plans.
"The US chancery in Grosvenor Square had aged beyond its ability to be improved to current security and life safety standards without extensive investment in infrastructure that would require appropriated dollars", he said.
Trump's critics believed he had pulled out of the trip over fears of mass protests over his impending state visit to the country, which is set to go ahead though no date has been confirmed by Downing Street.
In Washington, White House spokeswoman Sarah Huckabee Sanders said Trump's comment was exclusively about an embassy-related visit. In December, Johnson said he was looking forward to welcoming the president.
Downing Street declined to comment on the particular case but reports suggested No 10 was aware the "working visit" had been postponed. SOT: JEREMY SHAPIRO, RESEARCH DIRECTOR AT THE EUROPEAN COUNCIL ON FOREIGN RELATIONS (ENGLISH): Jeremy Shapiro of the European Council on Foreign Relations cautioned against trying to make sense of Trump's decision to postpone his trip.
New Zealand fan pockets $50k by taking catch during Pakistan ODI
The first in Wellington a week ago was by 61 runs, while the second on Wednesday in Nelson was by eight wickets. Tim and Trent to start off, just built up that pressure", he said. "We want to be a little bit better there".
At the time, the PM said Mr Trump was "wrong" to retweet the videos, and the U.S. president hit back at Ms May on Twitter by telling her to focus on "destructive radical Islamic terrorism" in the United Kingdom, rather than on him.
But British officials have been dismayed by some of Trump's pronouncements, particularly a proposed ban on Muslims entering the United States and most recently when Trump rebuked May on Twitter after she criticised him for retweeting British far-right anti-Islam videos.
"His visit. would without doubt have been met by mass peaceful protests", Khan said.
Donald Trump can't make it to London so Madame Tussaud's museum has set up a waxwork Trump outside the U.S. embassy in Battersea. "We will not allow US-UK relations to be endangered by some puffed up pompous popinjay in City Hall". He said the opening of the embassy was a matter for the U.S. government. But Foreign Secretary Boris Johnson blamed Khan and Labour Party leader Jeremy Corbyn for discouraging the USA leader from coming.
Pregnant Kylie Jenner reported to be in labour
In addition to Kylie's baby, Khloe Kardashian is also expecting her first child with her boyfriend, Tristan Thompson . Wendy Williams launched a scathing attack on Kylie Jenner on a recent episode "The Wendy Williams Show".
"The US is the biggest single investor in Britain - yet Khan & Corbyn seem determined to put this crucial relationship at risk", he tweeted.