President Donald Trump did not rule out seeking a third term for president when asked by NBC on Sunday, saying, “There are methods which you could do it."
“A lot of people want me to do it,” Trump said Sunday. “But, I mean, I basically tell them we have a long way to go, you know, it’s very early in the administration.”
Meanwhile, tariffs on imported autos are to go into effect on Wednesday. While economist predict Trump's tariffs will raise prices in the U.S., his tariffs czar, Peter Navarro, predicted they would result in tax cuts: "Tariffs are tax cuts, tariffs are jobs, tariffs are national security, tariffs are great for America," Navarro told Fox News.
Trump on auto tariffs: 'Automakers are going to make a lot of money'
Speaking with reporters on Air Force One before landing in Washington, D.C., on Sunday evening, President Donald Trump addressed the sweeping auto tariffs set to take effect on April 3.
Trump continued to claim that automakers will make money despite economists saying the auto tariffs will do the opposite.
President Donald Trump speaks to members of the media aboard Air Force One before landing in West Palm Beach, Fla., March 28, 2025.
Kevin Lamarque/Reuters
"The automakers are going to make a lot of money. American automakers or international automakers, if you're talking about them, are going to build in the United States," Trump said.
"Outside of the United States, that's going to be up to them. I don't care too much about that. But you have a lot of companies coming into the country to manufacture cars," he added.
-ABC News' Hannah Demissie
Mar 30, 2025, 8:37 PM EDT
Wisconsin Supreme Court rejects effort to block Musk's $1M giveaways
The Wisconsin Supreme Court rejected on Sunday night Wisconsin Attorney General Josh Kaul's lawsuit to stop Elon Musk and America PAC from executing a planned giveaway on Sunday night of $1 million each to two attendees at a town hall in Green Bay, Wisconsin.
The order came just minutes before the event -- backing conservative candidate Brad Schimel -- was set to start.
Kaul wrote in his initial filing on Friday that he was asking for emergency relief to stop Musk and America PAC “from further promoting a million-dollar giveaway to attendees of a planned event on Sunday, March 30, 2025, and prohibiting Respondents from making any payments to Wisconsin electors to vote," which he said violated state law.
Musk's lawyers framed the planned Sunday night giveaways as "spokesperson agreements" for spokespeople for the PAC.
-ABC News' Oren Oppenheim
Mar 30, 2025, 4:23 PM EDT
Navarro says tariffs will lead to tax cuts
Despite what economists have said, Trump’s tariff czar Peter Navarro continued to push that tariffs will lead to tax cuts.
“The message is that tariffs are tax cuts, tariffs are jobs, tariffs are national security, tariffs are great for America. Tariffs will make America great again,” Navarro said Sunday on “Fox News Sunday.”
Asked about Americans' concerns that the impacts of tariffs will show up in everyday costs, Navarro asserted that the tariffs would raise revenue for the U.S., and that Trump’s tax bill will provide tax benefits and tax credits to those who purchase American cars.
Diane Swonk, KPMG's chief economist, told ABC News’ “This Week” co-anchor Martha Raddatz that the president’s plan to implement 25% tariffs on auto imports would not bring down prices.
Peter Navarro, Senior Counselor for Trade and Manufacturing for U.S. President Donald Trump, walks up to make a statement to reporters outside the White House in Washington, DC, Feb. 25, 2025.
Brian Snyder/Reuters
“The economics does not suggest that at all, and I'm not alone. It's the economic consensus that actually, in fact, car prices will go up, and what we tend to see is some of it will be absorbed in margins, and some of it will show up in layoffs as higher costs go up in terms of production,” Swonk said.
GOP Sen. James Lankford of Oklahoma said he’s “OK with the start of the negotiations” on tariffs.
“So, this is a negotiation with President Trump,” he told CNN’s “State of the Union.” “It's all a negotiation to see what are we going to do long-term. I feel like in some ways, in the economy, this is kind of like a kitchen remodel or a bath remodel -- there's a bit of a mess at the beginning, but everybody has a long-term look of where we're headed. It's going to be noisy for a little while, but we all know where we're headed, trying to reduce the prices for Americans and increase jobs.”
-ABC News’ Hannah Demissie
Mar 30, 2025, 1:37 PM EDT
Trump talks running for a 3rd term, despite term limit
Trump did not rule out seeking a third term for president, regardless of it going against the Constitutional two-term limit, telling NBC’s Kristen Welker on Sunday, “There are methods which you could do it."
NBC News asked Trump about a possible scenario in which Vice President JD Vance would run for office and then pass the role to Trump. The president responded by saying “that’s one” method.
“A lot of people want me to do it,” Trump said Sunday. “But, I mean, I basically tell them we have a long way to go, you know, it’s very early in the administration.”
President Donald Trump speaks to the press aboard Air Force One before arriving at Palm Beach International Airport in West Palm Beach, Fla., March 28, 2025.
Brendan Smialowski/AFP via Getty Images
When asked whether he has been presented with plans to allow him to seek a third term, Trump said, “There are methods which you could do it.”
Trump has previously commented on running for a third term a few times, with Republicans viewing his comments as jokes or the president trolling his critics.
