Macy officials say they're pulling all Donald Trump-brand merchandise off their shelves following derogatory comments he made about Mexican immigrants, and the city is now reviewing contracts they've awarded the presidential candidate.

Macy's has been carrying a Trump menswear line since 2004, which includes $70 button-down shirts and $65 striped ties. Now, most of the items are heavily discounted on the store's website.

The major retailer is the latest company to end ties with Trump after he said many Mexican immigrants bring drugs and crime into the country.

In a statement, Macy's said, in part "We are disappointed and distressed by recent remarks about immigrants from Mexico. We do not believe the disparaging characterizations portray an accurate picture of the many Mexicans, Mexican Americans and Latinos who have made so many valuable contributions to the success of our nation."

In response to Macy's, Trump put out a statement of his own saying, "I have decided to terminate my relationship with Macy's because of the pressure being put on them by outside sources. While selling Trump ties and shirts at Macy's is a small business in terms of dollar volume, my principles are far more important, and therefore more valuable."

Mayor Bill de Blasio released a statement Wednesday afternoon after a petition began circulating online calling for the city to cancel the mogul's contract at Ferry Point Park in the Bronx. The statement reads, "We are reviewing Trump contracts with the City. Donald Trump's remarks were disgusting and offensive, and this hateful language has no place in our city. Trump's comments do not represent the values of inclusion and openness that define us as New Yorkers. Our Mexican brothers and sisters make up an essential part of this city's vibrant and diverse community, and we will continue to celebrate and support New Yorkers of every background."

One of Trump's business relationships with the city is his contract to operate the new golf links at Ferry Point in the Bronx, which opened just three months ago.

Residents of the borough with the city's largest Hispanic population are demanding an apology.

"We are huge in this country as a Spanish community, and I believe that that's totally wrong," said one person in the community.

Ed Garcia Conde, founder of the blog Welcome2TheBronx, launched an online petition Monday urging the city to cancel Trump's contract for the $260 million golf course.

"I see Univision and NBC canceling contracts, and I figure, well, why can't New York City cancel his contract as well?" he said.

The Trump organization also manages iconic attractions in Central Park - two skating rinks and the famed carousel.

Trump has yet to comment on the city's reaction to his remarks.

Trump has also filed a $500 million lawsuit against the Spanish language television network Univision claiming the broadcaster breached a five-year contract and violated his First Amendment right for not airing the Miss USA and Miss Universe pageants. 

Univision made the decision last week to drop the pageants after the controversial comments were made.

NBC also announced it will not air Miss Universe programming.

Trump's initial lawsuit applies only to Univision.