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.

Trump was asked Friday about his use of the term “Shylock” during his campaign rally in Iowa, when the president said about his domestic policy bill, “Think of that: no death tax, no estate tax, no going to the banks and borrowings from in some cases a fine banker. And in some cases, Shylocks and bad people.”