Donald Trump has said he will scrap Harvard University’s tax-exempt status, threatening to deal a significant blow to the university’s finances and signalling another escalation in his attack on elite US institutions.
“We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” the US president said in a post on Truth Social on Friday morning.
The comments from the president deepen a stand-off between Harvard and the White House, which has also said it will strip more than $2.2bn in federal funding from the university. Harvard responded last month by suing the Trump administration.
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