Macy's is ending its 11-year partnership with Donald Trump, in response to uproar from Hispanic consumers who were upset with the businessman's disparaging remarks about Latinos.

"Macy's is a company that stands for diversity and inclusion," the company said in a statement on Wednesday. "We welcome all customers, and respect for the dignity of all people is a cornerstone of our culture. We are disappointed and distressed by recent remarks about immigrants from Mexico."

In a separate statement, Trump said he was the one who decided to terminate the partnership, citing "the pressure being put on [Macy's] by outside sources." Trump also said that he has "never been happy about the fact that the ties and shirts are made in China."

"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 much more valuable," he said in the statement.

Trump's menswear collection, which includes ties and dress shirts, has been carried at the department store since 2004.