Donald Trump has renewed his criticism of the new US embassy in Nine Elms, London, saying it is in a “lousy” and “horrible” location and a bad deal.The US president, who is visiting the UK on July 13, lashed out again at the move from Grosvenor Square in the centre of the capital to a new location south of the Thames.Speaking at a rally in Michigan, he said: “In the UK, in London, we had the best site in all of London. The best site. Well, some genius said, we’re gonna sell the site and then we’re going to take the money and build a new embassy. That sounds good right, but you’ve got to have money left over if you do that, right?”Mr Trump said he thought – but would have to check – that officials sold the site for 250 million dollars.He said: “They go out and they buy a horrible location. And they build a new embassy. That’s the good news. The bad news is it cost over a billion dollars.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. The new building is unveiled of the US Embassy in Nine Elms in Wandsworth, LondonCredit:Getty President Trump Holds Rally In Washington, MichiganCredit:Scott Olson/Getty Mr Trump, a billionaire who made his fortune as a property magnate, cancelled a planned trip to London to open the embassy earlier this year, complaining the move to an “off location” south of the Thames had been a “bad deal”. He told the rally on Saturday: “By the way, they wanted me to cut the ribbon on the embassy and I said I’m not going. I don’t wanna do it.”I said, ‘I’m not cutting that ribbon’. I said ‘I’m not going’.”Blaming his predecessors for the embassy move, Mr Trump called it a “Bush-Obama special”, that “could have been stopped by Obama”.But in an emollient last comment he said: “Hey, hopefully we’ll have many years of success with that embassy.”At the same rally, he attacked the European Union, China other nations over trade, threatening to “take on” the bloc and superpower.Addressing a rally in Michigan, the US president said the EU “sounds so nice” but it was “formed to take advantage of the US”.Mr Trump said he does “not blame them (the EU). I blame past presidents”.He told supporters: “Long-term you’re going to be so happy… or we are not doing business with these guys.” It is thought his decision may have been driven by a fear of protests in the capital.However he repeated his assertion that it was down to dissatisfaction with the embassy project.