What would it mean for Trump to revoke Harvard’s tax-exempt status?

After cutting off $2.26bn in funding, the US president reportedly gave the IRS a potentially illegal order

Harvard University is in a standoff with Donald Trump after rejecting a series of demands from the president's administration, which critics view as an attack on the elite college for its reputation among conservatives as a bastion of liberal thought.

After cutting off its funding, Trump has reportedly given the Internal Revenue Service (IRS) a potentially illegal order to revoke the university's tax-exempt status. Such a decision would mark an escalation in the Republican president's weaponization of federal government agencies against the people and institutions that defy it.