Business leaders left the White House manufacturing council after the backlash against how he reacted to the far-right rally last weekend.
The clashes culminated in a woman’s death and nearly 20 wounded when a car ploughed into a crowd of anti-fascists.
Mr Trump’s reaction has sparked outrage and generated global headlines.
His announcement on Twitter came as the heads of 3M, Campbell Soup, Johnson & Johnson, and United Technologies announced their resignations on Wednesday.
Mr Trump said: “Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both.”
BBC reports that before Mr Trump’s announcement, the Strategy and Policy Forum announced it was a joint decision to disband the council.
Businesses have been under pressure to distance themselves from Mr Trump over his handling of the clashes in Charlottesville, Virginia.
On Monday, Mr Trump belatedly condemned the white supremacist and neo-Nazi groups that rallied in small Virginia town on Sunday.
But in a rancorous news conference on Tuesday he backtracked and again blamed left-wing counter-protesters for the violence too.
JPMorgan CEO Jamie Dimon, a member of the Strategy and Policy Forum, released a separate statement on Wednesday saying he strongly disagreed with Mr Trump’s recent statements, adding that “fanning divisiveness is not the answer”
“Constructive economic and regulatory policies are not enough and will not matter if we do not address the divisions in our country. It is a leader’s role, in business or government, to bring people together, not tear them apart,” he said.
Denise Morrison of Campbell Soup Co said she could not continue to participate in the advisory panel after Mr Trump’s comments. Activists had called on Campbell Soup, among other firms, to take action.
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