U.S. President Donald Trump's administration said it had canceled grants and contracts worth about $400 million to Columbia University because of what it described as antisemitic harassment on and near the school's New York City campus.

The Trump administration is cracking down on the school over its Israel-Hamas war protests which sparked a movement on campuses around the country last year.

Federal authorities officially canceled $400 million worth of grants to Columbia University on Friday, citing the school's reaction to pro-Palestinian protests on its New York City campus.

Columbia University's interim president said the school is working to address the "legitimate concerns" of U.S. President Donald Trump's administration after $400 million of federal government grants and contracts to the university were canceled over allegations of antisemitism on campus.

The share of New Yorkers in poverty is nearly double the national average, according to a report from Columbia University and an anti-poverty group.

The Trump administration announced a dramatic funding cut on Friday, saying it would cut federal grants and contracts worth $400 million from Columbia University for “inaction in the face of persistent harassment of Jewish students.