WACO, Texas — Former President Donald J. Trump spent a lot of his first main political rally of the 2024 marketing campaign portraying his anticipated indictment by a New York grand jury because of what he claimed was a Democratic conspiracy to persecute him, arguing wildly that the US was turning right into a “banana republic.”

As a crowd in Waco, Texas, waved red-and-white indicators with the phrases “Witch Hunt” behind him, Mr. Trump devoted lengthy stretches of his speech to his personal authorized…


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