Time for India to prepare’: Uday Kotak as Trump imposes fresh tariffs on China, Canada, Mexico

 Uday Kotak’s comments come in the wake of Trump’s sweeping executive orders imposing 25% tariffs on most imports from Mexico and Canada, and 10% duties on goods from China, effective from Tuesday

As the world braces for the fallout from US President Donald Trump’s latest tariff measures, Uday Kotak, founder and director of Kotak Mahindra Bank, has issued a warning about the potential ripple effects on global markets. “Trump, tariffs, turbulence. US imposes fresh import duties on Canada, Mexico, and China. It will have a major impact on global supply chains and markets,” Kotak wrote, highlighting the urgency for emerging economies like India to prepare for possible shocks. “Time for emerging markets, including India, to prepare for and be resilient to outflow shocks from global investors,” he added.