President Trump on Friday denied knowing that the word "Shylock" is seen as an antisemitic slur after using it at a rally in Iowa while extolling the tax perks of his One Big Beautiful Bill Act.

Trump speaks behind a safety wall at the Salute to America Celebration at the Iowa State Fairgrounds in Des Moines on July 3, 2025. AFP via Getty Images “This is going to blow the first term away.

President Trump said he was unaware that the term "shylock" is considered antisemitic, after using it during his Iowa speech Thursday to describe lenders who add too many conditions on their loans.

President Trump's rally at Iowa State Fairgrounds launches America250, celebrating 250 years of US independence. Expect heightened security and street closures.