New Delhi, May 2 -- US President Donald Trump has said that Harvard University is going to lose its tax exempt status, indicating that the school may lose its a prestigious position that has allowed it to pay lower levies on its revenue under classification for educational institutions.

Donald Trump made the announcement in a post on Truth Social, his social media platform.

"We are going to be taking away Harvard's Tax Exempt Status. It's what they deserve," he said, without elaborating further or sharing any details.

(This is a developing story. Check back for updates)

Published by HT Digital Content Services with permission from MINT....