Trump Attack on Harvard Students Reverberates Across World (2)

May 23, 2025, 1:30 PM UTC

The Trump administration’s sudden move to bar foreign students at Harvard University is seen as dealing a blow to the US’s standing in business — and handing an advantage to elite rival colleges across the English-speaking world.

“I was shocked,” said Zheng Fang, a 1996 graduate of Harvard Business School whose Keywise Capital Management oversees about $2.5 billion in investments from Hong Kong. The decision “will not only jeopardize Harvard’s academic strength, but also hurt US competitiveness,” he added.

As part of an intensifying fight between the administration and college, the US revoked Harvard’s Student and Exchange Visitor Program certification, ...

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