"In order to make America great and glorious again, tonight I am announcing my candidacy for the president of the United States," Trump said while speaking from his Mar-a-Lago residence and resort in Palm Beach, Florida.
He said his campaign will be about issues, vision and success. "We will immediately tackle inflation...we will again put America first...with the victory, we'll make the greatest economy ever," he said.
He added that he will launch an all out campaign to reduce America's dependence on China.
"As I promised in 2016, I am your voice. The Washington establishment wants to silence us, but we won't let them to.... From now until elections day...I will fight like no one has ever fought before...," Trump added while officially announcing his candidacy for White House bid.
In a quick reaction to Trump's announcement, US President Joe Biden said "Trump failed America".
Earlier in the day, aides filed paperwork with the US Federal Election Commission setting up a committee called "Donald J. Trump for President 2024."
Donald Trump will run for US president for the third time. Trump's announcement comes earlier than usual, signaling his interest in discouraging other possible contenders such as Florida Governor Ron DeSantis or his own former Vice-President, Mike Pence, from making a bid for the Republican Party's 2024 presidential nomination.
While Pence had earlier sought to distance himself from Trump, other potential Republican presidential hopefuls include Virginia Governor Glenn Youngkin, Texas Governor Greg Abbott, former South Carolina Governor Nikki Haley and former Secretary of State Mike Pompeo, Reuters reported.
Trump enters the race in a moment of political vulnerability. He hoped to launch his campaign in the wake of resounding GOP midterm victories, fueled by candidates he elevated during this year’s primaries. Instead, many of those candidates lost, allowing Democrats to keep the Senate and leaving the GOP with a path to only a bare majority in the House.
#DonaldTrump is likely to continue with his plan to fight for the presidency once more even though the public rejected candidates endorsed by him in several key US House, US Senate, and gubernatorial races
Meanwhile, Florida Governor Ron DeSantis is emerging as an early favorite White House contender as Trump continues to face criticism from some of his own allies, who say it’s time for Republicans to look to the future.