Trump's Third Term Talk Raises Eyebrows Amid Economic Concerns

Tue Oct 21 2025 14:37:52 GMT+0300 (Eastern European Summer Time)

In an unexpected statement, President Trump claims he is "not joking" about a potential third term, despite constitutional limitations.

Amid speculation, Trump’s discussion of a third term could be a strategy to divert attention from other political issues while preparing to implement new tariffs that impact U.S. consumers and trading partners.

President Trump has stirred controversy following his remarks to NBC News regarding the possibility of a third presidential term, a notion that the Constitution explicitly prohibits. He clarified that he was “not joking” about this idea, sparking both intrigue and skepticism, particularly as top Republicans swiftly dismissed any intentions to amend the Constitution.

Political analysts believe Trump's rhetoric serves multiple purposes: it distracts from pressing controversies and inhibits potential challengers from gaining prominence in the Republican party. A former Republican strategist suggested that this tactic keeps the political landscape uncertain, possibly antagonizing those on the left.

Simultaneously, the financial markets reacted negatively yesterday amid fears of impending tariffs that could impact the U.S.'s largest trading partners. Trump is poised to announce what he terms “reciprocal tariffs,” aimed at matching the trade barriers imposed by other nations on U.S. exports, designating the day as "Liberation Day."

There have been mixed messages from within the administration regarding the impact of these tariffs; a White House trade advisor claimed they could generate roughly $6 trillion in revenue over the next decade. However, economic experts warn that relying on tariffs as a means to boost revenue could contradict the administration’s objective of reviving U.S. manufacturing.

Domestically, these tariffs are projected to inflate prices of essential goods, including vehicles and electronics, with the administration hoping that Americans will accept higher costs. Whether this strategy proves effective remains to be seen.

In related developments, the Pentagon has estimated that the U.S. has already spent $40 million to detain about 400 migrants at Guantánamo Bay. Additionally, the administration is scrutinizing approximately $9 billion in funding awarded to Harvard University, citing concerns over unchecked antisemitism. As U.S. businesses advocate for immigration reforms to ensure a labor supply, economists express concerns that Trump’s cuts to scientific research could jeopardize future U.S. innovation and competitiveness.

As federal employees return to the office, many report chaos, finding workplace conditions lacking essential supplies and privacy. Follow updates on Trump’s policies and actions as the political landscape continues to evolve.