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Kotak Mahindra Bank chairman Uday Kotak on Thursday said his 2024 warning about how a Donald Trump-led United States would wield its global dominance was now \u201cplaying out as anticipated,\u201d as Washington moves towards imposing sweeping punitive tariffs on countries buying Russian oil. \u00a0<\/p>
\u201cMy tweet on US absolute power, in November 2024. Playing out as anticipated,\u201d Kotak wrote on\u00a0X (formally twitter), reposting his earlier message. \u00a0<\/p>
In that November post, Kotak had argued that the United States, as the world\u2019s pre-eminent military, financial and technological power, would increasingly leverage its dominance under a Trump administration. \u00a0<\/p>
\u201cThe US is the absolute power on planet earth: military, finance, technology. Under Donald Trump it will leverage dominance. Every country has to recognise and prepare. In finance, geopolitics, trade and elsewhere. Is US fiscal deficit a chink in its armour?\u201d he had wrote. \u00a0<\/p>
500% tariffs on Russian oil buyers<\/strong><\/p> Kotak\u2019s remarks come amid escalating pressure from Washington on major economies, including India, following the Trump administration\u2019s backing of a Bill that could impose tariffs of up to 500% on countries importing Russian-origin oil and energy products. \u00a0<\/p> The proposed \u2018Sanctioning Russia Act of 2025\u2019 would be triggered if Russia or entities acting on its behalf refuse to negotiate peace with Ukraine, violate a peace agreement, reinvade Ukraine, or attempt to undermine the Ukrainian government. \u00a0<\/p> A key clause mandates that \u201cthe President must increase the rate of duty on all goods and services imported into the United States from countries that knowingly engage in the exchange of Russian-origin uranium and petroleum products to at least 500% relative to the value of such goods and services.\u201d \u00a0<\/p> India faces pressure<\/strong> \u00a0<\/p> India faced a double whammy on January 8 after President Trump both backed the Russia sanctions Bill and announced the US withdrawal from the India-led International Solar Alliance (ISA), as part of a broader exit from several international organisations. \u00a0<\/p> The developments came just ahead of the arrival of US\u00a0Ambassador-designate Sergio Gor in New Delhi this weekend. Gor, who will formally assume office on January 12 as Ambassador to India and \u201cSpecial Envoy to South and Central Asia,\u201d had said during his Senate confirmation hearings in September that ending India\u2019s imports of Russian oil was a \u201ctop priority\u201d for the Trump administration. \u00a0<\/p> Meanwhile, in Paris, Polish Foreign Minister Radoslaw Sikorski said he was \u201csatisfied\u201d with India\u2019s recent reduction in Russian oil imports, during a joint press appearance with External Affairs Minister S Jaishankar and the foreign ministers of France and Germany. \u00a0<\/p> Russia sanctions Bill gains momentum<\/strong>\u00a0<\/p> In Washington, US Senator Lindsey Graham, a close ally of President Trump, said on January 7 that the President had \u201cgreenlit\u201d the Russia sanctions legislation, with a possible vote in Congress \u201cas early as next week.\u201d \u00a0<\/p> \u201cThis Bill would give President Trump tremendous leverage against countries such as China, India and Brazil to incentivise them to stop buying the cheap Russian oil that provides the financing for Putin\u2019s bloodbath against Ukraine,\u201d Graham said. \u00a0<\/p> The bipartisan Bill, introduced in April, has already secured 84 co-sponsors in the 100-member Senate and 151 co-sponsors in the US House of Representatives, indicating smooth passage once it is brought to a vote. Trump has described it as \u201cgreat legislation,\u201d while Graham said the law would allow the President discretion to set tariff levels beyond the existing 25% penalty tariffs on Indian goods.\u00a0<\/p> <\/div> Uday Kotak, Trump sanctions, Russia oil 500% tariffs, Sanctioning Russia Act 2025, India Russian oil imports US pressure, Trump India tariffs Russia, Sergio Gor India ambassador, US withdraws from International Solar Alliance, Lindsey Graham Russia sanctions Bill#absolute #power #Uday #Kotak #recalls #prediction #India #faces #tariff #threat #Trump1767884394<\/p> ","protected":false},"excerpt":{"rendered":" Kotak Mahindra Bank chairman Uday Kotak on Thursday said his 2024 warning about how a Donald Trump-led United States would wield its global dominance was now \u201cplaying out as anticipated,\u201d as Washington moves towards imposing sweeping punitive tariffs on countries buying Russian oil. \u00a0 \u201cMy tweet on US absolute power, in November 2024. Playing out […]<\/p>\n","protected":false},"author":1,"featured_media":1061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[369,375,200,364,372,368,370,374,373,362,363,366,376,377,378,365,361,371,360,367],"class_list":["post-1060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-absolute","tag-faces","tag-india","tag-india-russian-oil-imports-us-pressure","tag-kotak","tag-lindsey-graham-russia-sanctions-bill","tag-power","tag-prediction","tag-recalls","tag-russia-oil-500-tariffs","tag-sanctioning-russia-act-2025","tag-sergio-gor-india-ambassador","tag-tariff","tag-threat","tag-trump","tag-trump-india-tariffs-russia","tag-trump-sanctions","tag-uday","tag-uday-kotak","tag-us-withdraws-from-international-solar-alliance"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/1060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1060"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/1060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/1061"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1060"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}