Highlights

  • Donald Trump expected to announce bid for 2024 elections
  • Trump to hold a press conference at 7:30 am IST on November 16
  • Republicans suffered a setback in the midterm polls

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Will Donald Trump announce presidential bid for 2024?

Leading up to the 2022 midterm vote, Biden's Democrats had been expected to lose handily but the predicted Republican "red wave" failed to materialize. 

Former US president Donald Trump is expected to officially launch another White House bid, refusing calls from within his own Republican party to fade away after his loyalists underperformed in this year's midterm elections.

The 76-year-old billionaire, whose 2016 win shocked America and the world, has summoned the press to his Florida mansion for a "very big announcement" at 9:00 pm Tuesday or 7:30 am India time on Wednesday.

Known for his unpredictability, Trump could still change his mind at the last minute, but for months he has barely hidden his desire to vie for the presidency again in 2024.

And delaying the announcement now, as some of his advisors have reportedly suggested to him, would be highly awkward considering Trump's boast that it would "perhaps be the most important speech given in the history of the USA."

A 2024 White House bid would be Trump's third presidential campaign and -- if he wins his party's nomination -- the fifth national election with him as the Republican Party standard-bearer.

In 2016, Trump and the Republicans swept into power, taking control of the White House and maintaining their majorities in both chambers of Congress.

But Democrats won back the House of Representatives in a 2018 landslide after campaigning largely against Trump's caustic style.

Trump then lost reelection in 2020 to Democrat Joe Biden -- Trump still refuses to accept defeat -- while Democrats won control of the 100-seat Senate with a de-facto majority due to Vice President Kamala Harris's tie-breaking vote in the chamber split 50-50.

Also Watch| 'Donald Trump failed America', says Biden as ex-President announces White House re-run

After leaving Washington in chaos shortly after his partisans stormed the US Capitol, Trump chose to remain in the political arena, continuing to fundraise and hold rallies around the country.

Leading up to the 2022 midterm vote, in which Biden's Democrats had been expected to lose handily, Trump made denial of the 2020 election results a key litmus test for candidates to win his influential political endorsement.

But the predicted Republican "red wave" failed to materialize, and Democrats will maintain their control of the Senate. In the still-undecided House, Republicans seem likely to eke out only a razor-thin majority.

The results have emboldened Trump's Republican detractors and sapped most of his political momentum heading into the campaign launch.

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