President Donald Trump has spoken out after sparking criticism for using a term widely considered to be antisemitic during a speech. Addressing a crowd in Iowa on Thursday, Trump used the term “Shylock” when discussing his now-signed “ Big, Beautiful Bill. ”

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.”