U.S. President Donald Trump drew criticism for using the antisemitic term "Shylock" to describe some bankers during remarks on his signature tax-cut and spending legislation that just passed Congress.

President Donald Trump says he didn't know the term “shylock” is considered antisemitic when he used it in a speech to describe unscrupulous moneylenders. Trump told reporters early Friday after returning from an event in Iowa that he had “never heard it that way” and “never heard that” the term was considered an offensive stereotype about Jews.