A new administration will be inaugurated on Jan. 20, he said.
"My focus now turns to ensuring a smooth, orderly and seamless transition of power," Trump said in a video Thursday night.
Trump also spoke directly to his supporters, saying serving as president has been the honor of his lifetime.
"To all of my wonderful supporters, I know you're disappointed, but I also want you to know that our incredible journey has only just begun."
THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.
President Donald Trump for the first time acknowledged his defeat in the Nov. 3 election and announced there would be an "orderly transition" on Jan. 20, Inauguration Day, after Congress concluded the electoral vote count early Thursday certifying President-elect Joe Biden's victory.
Trump's acknowledgment came after a day of chaos and destruction on Capitol Hill as a mob of his supporters stormed the Capitol and unleashed unprecedented scenes of mayhem in hopes of halting the peaceful transition of power. Members of Congress were forced into hiding, offices were ransacked, and the formal congressional tally of Electoral College votes was halted for more than six hours.
"Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th," Trump said in a statement posted to Twitter by his social media director. Trump's account had been locked by the company for posting messages that appeared to justify the assault on the seat of the nation's democracy.
Trump added, "While this represents the end of the greatest first term in presidential history, it's only the beginning of our fight to Make America Great Again!"
The president has spent the past two months refusing to concede and making baseless allegations of widespread voter fraud, even though his own Justice Department, federal courts, including the Supreme Court, and state governments have said repeatedly the vote was carried out freely and fairly.
SEE ALSO: Twitter locks Trump account after removing tweets about DC protesters
Trump's refusal to accept reality and his incendiary rhetoric reached a breaking point Wednesday when loyalists violently occupied the Capitol in one of the most jarring scenes ever to unfold in the nation's capital. Authorities said four people died during the violence, including one woman who was shot by an officer outside the House chamber.
Trump had encouraged his supporters to march on the Capitol to protest lawmakers' actions, and he later appeared to excuse the violent occupation by the mob.
"These are the things and events that happen when a sacred landslide election victory is so unceremoniously & viciously stripped away from great patriots who have been badly & unfairly treated for so long," Trump wrote in a message that was later deleted by Twitter. He added, "Go home with love & in peace. Remember this day forever!"
Images from January 6, 2021
Trump spent much of Wednesday afternoon watching the insurrection on television from his private dining room off the Oval Office. But aside from sparing appeals for calm issued at the insistence of his staff, he was largely disengaged.
Instead, a White House official said, most of Trump's attention was consumed by his ire at Vice President Mike Pence, who defied Trump's demands by acknowledging he did not have the power to unliterally reject the electoral votes that determine the next president. The official was not authorized to discuss the matter publicly and spoke on condition of anonymity.
Trump only reluctantly issued the tweets and taped a video encouraging an end to the violence. The posts came at the insistence of staff and amid mounting criticism from Republican lawmakers begging him to condemn the violence and tell his supporters to stand down, according to the official.
Even as authorities struggled to take control of Capitol Hill after protesters overwhelmed police, Trump continued to level baseless allegations of mass voter fraud and praised his loyalists as "very special."
"I know your pain. I know your hurt. But you have to go home now," he said in a video posted more than 90 minutes after lawmakers were evacuated from the House and Senate chambers. "We can't play into the hands of these people. We have to have peace. So go home. We love you. You're very special."
SEE ALSO: 25th Amendment discussed among Trump allies, Cabinet
The violence, coupled with the president's tepid response, alarmed many in the White House and appeared to push Republicans allies to the breaking point after years of allegiance to Trump. A number of White House aides were discussing a potential mass resignation just two weeks before Trump's term ends, according to people familiar with the conversation who were not authorized to publicly discuss it and spoke on condition of anonymity.
Transportation Secretary Elaine Chao on Thursday became the highest-ranking member of Trump's administration to resign in protest after the pro-Trump insurrection at the Capitol.
In a statement, Chao, who is married to Senate GOP leader Mitch McConnell, said the attack "has deeply troubled me in a way that I simply cannot set aside."
Among the others who have resigned are: Stephanie Grisham, first lady Melania Trump's chief of staff and a former White House press secretary; deputy national security adviser Matt Pottinger; White House social secretary Rickie Niceta; deputy press secretary Sarah Matthews; and Ryan Tully, senior director for European and Russian affairs at the National Security Council.
Mick Mulvaney, Trump's former chief of staff-turned-special envoy to Northern Ireland told CNBC Thursday that he had called Secretary of State Mike Pompeo "to let him know I was resigning. ... I can't do it. I can't stay."
Other aides indicated they planned to stay to help smooth the transition to the Biden administration. Some harbored concerns about what Trump might do in his final two weeks in office if they were not there to serve as guardrails when so few remain.
SEE ALSO: Congress validates Biden's presidential victory; 4 dead after Trump mob storms US Capitol
Trump's begrudging statement acknowledging defeat came after even longtime allies floated whether members of his Cabinet should invoke the 25th Amendment and remove him from office. Former New Jersey Gov. Chris Christie told ABC late Wednesday that "responsible members of the Cabinet" should be thinking about fulfilling their oath of office, adding that Trump had "violated his oath and betrayed the American people."
Conversations about removal took place among administration aides and Republican lawmakers on Capitol Hill, according to people involved in the deliberations, but there did not appear to be serious discussion to do so by his Cabinet, of whom a majority would have to vote to sideline him.
Trump has been single-mindedly focused on his electoral defeat since Election Day, aides said, at the expense of the other responsibilities of his office, including the fight against the raging coronavirus. Indeed, it was Pence, not Trump, who spoke with the acting defense secretary to discuss mobilizing the D.C National Guard on Wednesday afternoon.
On Wednesday, Trump effectively banned Pence's chief of staff, Marc Short, from the White House, an official said, believing Short to have been the driving force behind Pence's refusal to overturn the vote.
Hours earlier, Trump had appeared at a massive rally near the White House, where he continued to urge supporters to fight the election results and encouraged them to march to the Capitol in remarks that were peppered with incendiary language and rife with violent undertones. At one point, he even suggested he might join them - a prospect that was discussed by the White House but eventually abandoned.
"We're going to the Capitol," he said. "We're going to try and give our Republicans ... the kind of pride and boldness that they need to take back our country."
Earlier in the rally, his lawyer, Rudy Giuliani, had advocated what he had called "trial by combat."
Copyright © 2021 by The Associated Press. All Rights Reserved.
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