President Donald Trump says he didn’t know the term “shylock” is considered antisemitic when he used it in a speech to describe unscrupulous moneylenders.
Trump told reporters early Friday after returning from an event in Iowa that he had “never heard it that way” and “never heard that” the term was considered an offensive stereotype about Jews.
Shylock refers to the villainous Jewish moneylender in William Shakespeare’s “The Merchant of Venice” who demands a pound of flesh from a debtor.
The Anti-Defamation League, which works to combat antisemitism, said in a statement that the term “evokes a centuries-old antisemitic trope about Jews and greed that is extremely offensive and dangerous. President Trump’s use of the term is very troubling and irresponsible.”
On Thursday night in his speech in Iowa, Trump used the term while talking about his signature legislation that was passed by Congress earlier in the day.

“No death tax, no estate tax, no going to the banks and borrowing some from, in some cases, a fine banker and in some cases shylocks and bad people,” he said.
When a reporter later asked about the word’s antisemitic association and his intent, Trump said; “No, I’ve never heard it that way. To me, a shylock is somebody that’s a money lender at high rates. I’ve never heard it that way. You view it differently than me. I’ve never heard that.”
The Anti-Defamation League said Trump’s use of the word “underscores how lies and conspiracies about Jews remain deeply entrenched in our country. Words from our leaders matter and we expect more from the President of the United States.”
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