Trump had originally come up with the idea of a parade celebrating America's military might after being wowed by France's Bastille Day parade previous year.
In his tweets, Trump said he would go a parade in Paris on November 11 and also attend a "big parade" already scheduled at Joint Base Andrews this fall.
President Trump has long sought a military parade, but it won't be happening in 2018.
Trump told The Washington Post in an interview days before in inauguration, "That military may be flying over New York City and Washington, D.C., for parades".
A Pentagon spokesperson, Colonel Rob Manning, said in a statement that the Department of Defence and the White House "have now agreed to explore opportunities in 2019". "We will announce more information when it is available". "It was a tremendous day, and to a large extent because of what I witnessed, we may do something like that on July 4 in Washington down Pennsylvania Avenue", Trump said.
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Newman claimed she had already heard of Trump's racism while she was serving his administration during the presidential campaign. Colbert also expressed shock that Chief of Staff John Kelly fired Omarosa in The Situation Room and threatened her reputation .
Trump has also embraced military backdrop for several speeches and presidential visits.
It was not immediately clear why the recent cost estimate was so much higher than the earlier one, and what exactly it included. It also said there would be "wheeled vehicles only, no tanks - consideration must be given to minimise damage to local infrastructure". In 1991, tanks and thousands of troops paraded through Washington to celebrate the end of the Gulf War.
The announcement came a few hours after it was revealed the parade, which was supposed to feature period uniforms, armored vehicles, and aircraft flyovers, would cost about $92 million.
Held on Veterans Day, the parade would include troops and equipment from all five branches of the armed services, and would celebrate the history and accomplishments of the U.S. military, from the Revolutionary War, up to the present day.
"We're going to have to try to top it, but we have a lot of planes going over and a lot of military might, and it was really a handsome thing to see, and representatives from different wars and different uniforms", he added.