Donald Trump used the antisemitic term "shylock" during a speech in Iowa on Thursday evening but claimed he was unaware of its connotations. The President said the term whilst discussing legislation passed by Congress.

President Donald Trump is sparking reactions after referencing bankers as "Shylocks" during an event in Iowa. More Videos. President Trump celebrates spending and tax bill passing

A deal to spin off TikTok's U.S. operations into a U.S.-based firm was paused after China responded to Trump's announcements of tariffs on China. Trump's comments could add clarity to the future of the app in the United States.

Nearly five months ago, a law went into effect requiring TikTok to be banned in the U.S. unless its China-based parent company, ByteDance, sold it off.

U.S. President Donald Trump said on Friday he will start talking to China on Monday or Tuesday about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app.