"Under my administration we will never surrender American sovereignty to anyone, we will never allow foreign bureaucrats to trample on your Second Amendment freedom and that is why my administration will never ratify the U.N. trade treaty," Trump said during the National Rifle Association's annual meeting in Indianapolis, according to Fox News.

"I am officially announcing today that the United States will be revoking the effect of America's signature from this badly misguided treaty, we're taking our signature back," Trump added.

The treaty, signed in 2013 by former President Barack Obama, seeks to regulate international trade in conventional firearms to "prevent and eradicate the illicit trade in conventional arms and prevent their diversion."

On Friday, Trump signed a notice to the Senate asking that the ratification process be stopped and the treaty returned to the White House, where Trump said "I will dispose of it."