As a result of the ongoing clash in Egypt, U.S President, Barack Obama announced that the United States has canceled joint military training exercises with the Egyptian military, CEOAFRICA.com gathered

Obama alluded to the fact that his administration could take further steps to deal with the violence in Egypt.

Speaking from his vacation home on Martha’s Vineyard, Obama said, "Going forward, I've asked my national security team to assess the implications of the actions taken by the interim government and further steps we may take as necessary with respect to the U.S.-Egyptian relationship."

Furthermore, Barack Obama said, "The United States strongly condemns the steps that have been taken by Egypt interim government and security forces."

Meanwhile, sources said President Obama avoided taking sides with any factions in the country, which his administration has done consistently.

"We don't take sides with any particular party or political figure. We want Egypt to succeed. We want a peaceful, democratic, prosperous Egypt. That's our interest."

He then urged the Egyptian people to give peace a chance in the country.

"To the Egyptian people, let me say the cycle of violence and escalation needs to stop.”We call on the Egyptian authorities to respect the universal rights of the people."

Egypt currently experience bloodiest violence since the 2011 revolution that ousted Hosni Mubarak. At least 525 people were killed and more than 3,700 injured in clashes that began when security forces moved in to break up protesters demonstrating in support of former President Mohamed Morsy, who was elected to office after Mubarak's ouster.