Mr. Trump discussed the matter with several aides and other people close to him last week, the people said. The president said he would want to call the new party the “Patriot Party,” the people said.
It’s unclear how serious Mr. Trump is about starting a new party, which would require a significant investment of time and resources. The president has a large base of supporters, some of whom were not deeply involved in Republican politics prior to Mr. Trump’s 2016 campaign.
Third parties have typically failed to draw enough support to play a major role in national elections. Any effort to start a new party would likely face intense opposition from Republican party officials, who would chafe at the thought of Mr. Trump peeling off support from GOP candidates.