Republican presidential candidate and business mogul Donald Trump filed a $500 million lawsuit against Univision Tuesday in response to the broadcaster’s decision to cut ties with him and the Miss Universe pageant over remarks he made about Mexican immigration.

The Spanish language station made the decision to terminate the contract with the Miss Universe Organization, and not to air the July 12 Miss USA contest, after comments Trump made in a June 16 campaign speech in which he said Mexico brings drug dealers, criminals and rapists into America.

Trump’s spokesman, in announcing the lawsuit, branded Univision’s move “a politically motivated attempt to suppress Mr. Trump’s freedom of speech under the First Amendment as he begins to campaign for the nation’s presidency.”

On Fox News' 'The O'Reilly Factor" Tuesday, Trump stood by his views, citing a report by Fusion (owned by Univision) that he said shows 80 percent of Central American women and girls are raped crossing into the U.S.

"I love Mexican people," Trump said. "I also respect Mexico, but Mexico is doing a tremendous number against the United States."

Trump also blasted Univision for what he said was abandoning the women involved in Miss USA, and he pledged that the show would go on.

"We have 50 of the most lovely women you have ever seen right now in Louisiana, and they have been abandoned by NBC and abandoned by Univision and I'm going to work it out so that that show goes on," Trump told Fox News' Bill O'Reilly.