US President Donald Trump reacted to Former New York City Mayor Mike Bloomberg's suspending his presidential campaign, Eurasia Diary reports citing Fox News.

President Trump, who has been relentless in mocking Bloomberg over everything from his height to his debate performances, delivered his barbed observations on the race once more after Bloomberg dropped out.

"Mini Mike Bloomberg just 'quit' the race for President. I could have told him long ago that he didn’t have what it takes, and he would have saved himself a billion dollars, the real cost. Now he will pour money into Sleepy Joe’s campaign, hoping to save face. It won’t work!" he tweeted.

Bloomberg spent record amounts from his own fortune on an ad-blitz strategy but he failed to obtain enough votes to win on Super Tuesday.

He announced support to Joe Biden. 

"I’m a believer in using data to inform decisions. After yesterday’s results, the delegate math has become virtually impossible – and a viable path to the nomination no longer exists. But I remain clear-eyed about my overriding objective: victory in November," Bloomberg said in his statement.

In backing the former vice president, Bloomberg emphasized: “I’ve known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country – including gun safety, health care, climate change, and good jobs."