Jewish advocacy groups slammed President Donald Trump for using an anti-Semitic descriptor on Thursday during his Iowa speech celebrating the passage of his spending bill. Trump used the term "Shylocks," which evokes a centuries-old antisemitic trope about Jewish people and greed, to talk about the tax changes in the bill.

Trump spoke for about an hour in 90-degree heat, touting his administration's achievements and his plans for the country's 250th birthday.

Trump's trade policies have hit Iowa's farmers hard, especially with China's retaliatory tariffs slashing soybean exports and prices.