NBC is ending its business relationship with Donald Trump due to his "recent derogatory statements" regarding immigrants.

NBC said in a statement:

At NBC, respect and dignity for all people are cornerstones of our values.

Due to the recent derogatory statements by Donald Trump regarding immigrants, NBC is ending its business relationship with Mr. Trump.

To that end, the annual Miss USA and Miss Universe Pageants, which are part of a joint venture between NBC and Trump, will no longer air on NBC.

In addition, as Mr. Trump has already indicated, he will not be participating in "The Celebrity Apprentice" on NBC.

"Celebrity Apprentice" is licensed from Mark Burnett's United Artists Media Group and that relationship will continue.

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Trump triggered a controversy with the following remarks during his presidential campaign announcement.

“When Mexico sends its people, they’re not sending their best. […] They’re sending people that have lots of problems, and they’re bringing those problems with us. They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people."

UPDATE, 3:50p ET: Donald Trump released the following statement: 

As of today, Donald J. Trump is no longer affiliated with NBC. Mr. Trump stands by his statements on illegal immigration, which are accurate. NBC is weak, and like everybody else is trying to be politically correct--- that is why our country is in serious trouble.

Mr. Trump says, “We must have strong borders and not let illegal immigrants enter the United States. As has been stated continuously in the press, people are pouring across our borders unabated. Public reports routinely state great amounts of crime are being committed by illegal immigrants. This must be stopped and it must be stopped now. Long ago I told NBC that I would not being doing The Apprentice because I am running for President in order to Make our Country Great Again.”

Mr. Trump continued, “If NBC is so weak and so foolish to not understand the serious illegal immigration problem in the United States, coupled with the horrendous and unfair trade deals we are making with Mexico, then their contract violating closure of Miss Universe/Miss USA will be determined in court. Furthermore, they will stand behind lying Brian Williams, but won’t stand behind people that tell it like it is, as unpleasant as that may be.”

Trump insisted to ABC News Saturday that he is not anti-Mexican.

"I love the Mexican people. I have great respect for Mexico," said Trump, who argues that he objects to trade deals with the country that are "bad" for Americans.

The comments about Mexico also led to a feud between Trump and Spanish-language network Univision.

Trump has threatened to sue Univision for refusing to broadcast the Miss USA pageant next month.

Also last week, a Univision executive posted an Instagram picture that appeared to compare Trump to the Charleston church gunman.