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Trump’s ‘Shylock’ Remark isn’t Just a Gaffe

When a sitting U.S. President uses the word “Shylock” to describe bankers, on national stage, no less, it is not just an outdated literary reference or a “misunderstanding.”

It is a loaded, antisemitic slur that echoes centuries of bigotry, and Donald Trump knows exactly what he’s doing.

On July 4, 2025, during a speech in Iowa touting his new tax and spending bill, President Trump said:

“No going to the banks and borrowing from, in some cases, a fine banker, and in some cases, Shylocks and bad people.”

On Independence Day, a president who’s supposed to represent all Americans invoked one of the most toxic Jewish stereotypes in Western literature. And when called out, he shrugged it off with a...

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