During a rally in Iowa for America250, President Trump used the term 'Shylock' to describe unscrupulous bankers and later expressed ignorance about its anti-Semitic connotations. The term derives from Shakespeare's depiction of a Jewish moneylender in The Merchant of Venice. Trump stated, 'I've never heard it that way,' while addressing reporters. In addition to the controversy, Trump promoted his recently passed budget mega-bill, emphasizing its impact on tax cuts and estate taxes, referring to it as the One Big Beautiful Bill.
The term Shylock originates from the 16th-century play The Merchant of Venice by William Shakespeare, which includes a depiction of a Jewish moneylender that some consider to be deeply anti-Semitic.
Trump professed ignorance about the term, stating, 'I've never heard it that way. You view it differently than me. I've never heard that.'
Trump used the term while addressing a crowd at the Iowa State Fairgrounds for the kickoff of his America250 celebration series.
While addressing the controversy around the term, he also highlighted the passage of his budget mega-bill, which he refers to as the One Big Beautiful Bill.
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