Trump offered a flat "no" when asked if he knew about the payment that was made by his lawyer shortly before the 2016 election.
The actress, Stephanie Clifford - who goes by the screen name Stormy Daniels - claims it was money paid to cover up a tryst more than a decade ago.
Trump's long-time lawyer Michael Cohen has admitted to making the payment, but has not indicated why he made it.
He has accused Daniels of breaching a non disclosure agreement.
Trump said he did not know why Cohen made the payment. "You'll have to ask Michael Cohen. Michael is my attorney. You'll have to ask Michael."
Asked if he knew where the money came from, Trump told reporters on Air Force One, "no, I don't know."
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