President Donald Trump says Harvard University will be stripped of its tax-exempt status — redoubling an extraordinary threat that the Ivy League school’s president is pushing back against.

U.S. President Donald Trump said on Friday his administration will revoke Harvard University's tax-exempt status, returning to a threat he issued against the Massachusetts school last month as part of his wider attack on elite universities.

A New York University School of Law professor on tax policy, called the news a “lawless action by the President.”