Penny Pritzker Warns Trump Cuts Threaten US in Global Tech Race

July 24, 2025, 8:10 PM UTC

President Donald Trump’s cuts to research funding are putting the US at risk of losing the technological race against other countries including China, said Penny Pritzker, former US commerce secretary and chair of Harvard University’s powerful governing body.

The Trump administration has frozen billions in research dollars for US universities from Northwestern to Princeton, and halted some $2.6 billion directed at Harvard. Trump has also sought to prevent foreign students from enrolling at Harvard, the oldest and richest American university.

Such moves endanger the country’s ability to compete in advanced technology, Pritzker, a Democratic donor who served ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.