Trump says 3rd term isn't a joke, despite term limit

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

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.

“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

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.”

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.

-ABC News’ Hannah Demissie

Wisconsin Attorney General Josh Kaul on Sunday appealed to the state’s Supreme Court to block Elon Musk's and America PAC's planned Sunday night giveaway of $1 million apiece to two attendees of Musk's event in Green Bay.

"The Court should grant this Petition and issue an immediate temporary injunction that (1) prohibits Respondents from any further promotion of the million dollar gifts to attendees of the planned event on Sunday, March 30; (2) prohibits Respondents from making any payments to Wisconsin electors conditioned on voting; and (3) prohibits all actions by Respondents taken in furtherance of a planned" violation of a state law that Kaul argues Musk and America PAC are violating with the planned giveaway, Kaul wrote in one of the documents filed.

Musk announced Thursday on social media that he would "personally hand over two checks for a million dollars each" to voters who participated in the Supreme Court election. His political action committee had already awarded $1 million to Scott Ainsworth, a mechanical engineer from Green Bay, for signing its petition.

Musk deleted the post Friday and later clarified that the money would go to people who would serve as "spokesmen" for an online petition against "activist judges."

Wisconsin law makes it a felony to offer anything of value to induce a voter to cast a ballot or refrain from voting. Violators face fines up to $10,000, imprisonment up to 3 ½ years, or both.

Musk and Trump are backing conservative Waukesha County Judge Brad Schimel in the election. Schimel told WISN 12 News on Friday that he has "no plans" to attend Sunday's rally with Musk.

Democrats are backing liberal Dane County Judge Susan Crawford.

The race has already broken spending records for a judicial contest in the U.S., with funds raised exceeding $81 million. Musk has been the largest financial contributor, though billionaire George Soros and Illinois Gov. JB Pritzker have donated a combined $3.5 million to Crawford's campaign.

-ABC News’ Oren Oppenheim