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The opposition and anti-Maduro protesters are demanding early elections to force out the widely unpopular president.
The surprise announcement late on Thursday followed two months of deadly unrest during anti-government protests and signs of division in the socialist leader's side.
Venezuelan President Nicolas Maduro on Sunday blamed opposition demonstrators for the killing of a retired military officer and called it a hate crime.
In some cities, the protests degenerated into violent clashes between demonstrators and police and government troops.
A fired-up Maduro accused Trump of promoting an interventionist policy that infringes on his socialist government's sovereignty.
President Nicolas Maduro has yet to respond to the claim, which has raised claims of an authoritarian turn in Venezuela's political crisis.
Riot cops fired tear gas Monday as thousands pressed ahead with a weeks-long campaign of protest against Maduro's efforts to reform the constitution.
Clashes at protests have left 36 people dead and hundreds injured since the unrest erupted on April 1, according to authorities.
Opponents plan to march to the headquarters of the education ministry in central Caracas instead to explain their position.
Crowds of students clashed with riot police in the latest in a wave of unrest as the opposition vowed no respite in its drive to oust President Nicolas Maduro.
The clashes broke out after riot police blocked demonstrators from advancing towards government buildings in central Caracas, where Maduro addressed a rally.
An 18-year-old man died Wednesday in violent protests against embattled President Nicolas Maduro
Many workers walked to work on Tuesday as the protests disrupted transport and metro stations were closed.
Hundreds of opponents of President Nicolas Maduro marched to a military prison outside Caracas on Friday to demand the release of Leopoldo Lopez and other jailed activists.
Nearly a month of clashes at anti-government protests have left 28 people dead, according to prosecutors.