President Donald Trump acknowledged Wednesday that the Constitution makes him ineligible for election to a third term, seemingly closing the door on the possibility after months of stoking speculation that he might find a way to remain in the White House beyond January 2029, when his second term ends.

“I would say that if you read it, it’s pretty clear, I’m not allowed to run,” Trump told reporters aboard Air Force One en route to South Korea. “It’s too bad. But we have a lot of great people.”

Trump’s acknowledgment followed comments by House Speaker Mike Johnson, R-La., on Tuesday that he did not see “a path” for Trump to return to the White House for a third term.

At a news conference in Washington with House Republican leadership, Mr. Johnson said he had spoken with Trump about the m

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