President Donald Trump arrived in Davos, Switzerland, Thursday where he acknowledged Israel will likely pay a price for his decision to recognize Jerusalem as Israel's capital, CBN reported.

"Jerusalem, you couldn't ever get past Jerusalem so when people said I set it back, I didn't set it back," President Trump said. "I helped it because by taking it off the table  – that was the toughest issue  – and Israel will pay for that."

"You won one point and you'll give up some points later on in negotiations if it ever takes place. I don't know if it ever will take place," he added.

Regarding Pence, Trump criticized Palestinian Authority President Mahmoud Abbas for not meeting with the vice president during his trip to Israel.

"They disrespected us by not allowing our VP to see them. The money is not going to them unless they sit down and negotiate peace," said Trump, who is in Davos. Switzerland, to attend the World Economic Forum.