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.
