Jewish advocacy groups slammed President Donald Trump for using an anti-Semitic descriptor on Thursday during his Iowa speech celebrating the passage of his spending bill. Trump used the term "Shylocks," which evokes a centuries-old antisemitic trope about Jewish people and greed, to talk about the tax changes in the bill.

Trump says he didn't know the term “shylock” is considered antisemitic when he used it in a speech to describe unscrupulous moneylenders.

President Donald Trump is sparking reactions after referencing bankers as "Shylocks" during an event in Iowa. More Videos. President Trump celebrates spending and tax bill passing