New Delhi, July 4 -- During a July 3rd speech in Iowa celebrating his new tax bill, President Trump described some bankers as "shylocks and bad people" while discussing farm loans.

The term refers to a greedy Jewish moneylender in Shakespeare's play and is widely considered an antisemitic slur. Jewish leaders immediately condemned the remark, with the Anti-Defamation League calling it "extremely offensive and dangerous."

Trump made the comment at an event kicking off America's 250th birthday celebrations before hundreds of supporters holding "Make Agriculture Great Again" signs.

When questioned afterward, Trump claimed he "never heard" the word was considered antisemitic, insisting he only meant "somebody that's a moneylender at high r...