The U.S. Department of Education said on Monday it was freezing about $2.3 billion in federal funds to Harvard University over the school's decision to fight White House demands, including that it shut down diversity,

The Trump administration announced Monday that it would freeze $2.2 billion in multi-year grants and $60 million in multi-year contract value at Harvard University after the school said it would not follow policy demands from the administration.

Harvard University has rejected a list of sweeping demands sent by the White House that asked the university to change many of its policies or risk losing billions of dollars in federal funding."The university will not surrender its independence or relinquish its constitutional rights,

The UK, US, Europe and China rely heavily on Taiwan for semiconductors. The Taiwan Semiconductor Manufacturing Company (TSMC) provides over half of the world's supply, including for AMD, Apple, ARM, Broadcom, Marvell, MediaTek and Nvidia.

Trump has defended his tariff strategy as a way to restore U.S. manufacturing and push trading partners to eliminate what he calls unfair barriers to American goods. Why It Matter

Trump has described the tariffs as "reciprocal," saying the steep toll will correct a grievance he's held for "35 years:" that the U.S. is being "ripped off" by trade imbalances. The president has claimed the tariffs will prompt countries to try to negotiate a deal with the U.