Trump said.

Wallace asked Huckabee Sunday if he could support Trump for president.

"I'm going to support the Republican nominee," Huckabee replied. "I'm a Republican."

"I believe that Donald Trump would be better for America than Barack Obama because he understands business. Donald Trump has taken a pro-life position. He believes we are getting shanghaied by China, which I agree with."

Huckabee also said several other Republicans stood to benefit from his decision not to get into the race.

"I don't know but I think there are a number of people who are similar to me in terms of point of view. Rick Santorum, for example. Strong social conservative, but also strong fiscal and I think defense conservative, and foreign policy conservative as well. Tim Pawlenty, another person. Newt Gingrich. Michele Bachmann. I think all of these folks, very clearly might benefit from it. Sarah Palin, should she decide to get in," he said.