Uday Kotak, Founder & Director, Kotak Mahindra Bank has shared his views on the reciprocal tariffs announced by the US administration last week. In a post on X, Kotak wrote “Trump tariffs.

Mumbai: Focus on “short-termism” at the leadership level is a worrisome trend in the financial services sector, according to Uday Kotak, founder and non-executive director, Kotak Mahindra Bank.

Uday Kotak commented on Donald Trump's tariffs. He referenced Lenin and the 1973 OPEC crisis. Trump's tariffs took effect on April 5, 2025. The tariffs caused a $5 trillion drop in the S&P 500.