The proposed agreement would see a pause in fighting, during which time Israel and Hamas would negotiate for a permanent end to the war and a framework for post-war governance in Gaza.
Mr Trump made the announcement ahead of hosting Israeli Prime Minister Benjamin Netanyahu.
Qatari and Egyptian officials are expected to deliver the final proposal, following reports that Israel has accepted the Qatari plan and is ready for indirect negotiations with Hamas.
Despite Mr Trump's announcement, it remains unclear if Hamas is prepared to agree to the terms. The conflict continues to cause significant casualties and displacement in Gaza.
Bookmark popover
Removed from bookmarks