"Peace requires the observance of Palestinians' rights to a sovereign state within the borders with the capital in East Jerusalem and the return of refugees to their homeland," the ministry said in a statement.
Trump revealed the so-called deal of the century on Tuesday, according to which Palestinians would be able to have a state of their own with a capital in East Jerusalem. Negotiations on a final agreement are proposed to take place within the next four years.
Palestinian Authority President Mahmoud Abbas denounced the new plan as a conspiracy and said Jerusalem was not up for sale. He also said that the Palestinian people would throw Trump's "deal of the century" to the "garbage basket" of history.