New Delhi, May 22 -- Amid the ongoing tariff uncertainty by US President Donald Trump, businesses are likely to delay any new investment and this has the potential to trigger a global slowdown, according to a report by Nomura.

The outlook for the global economy and financial markets remains highly uncertain as President Donald Trump's aggressive tariff policy continues to send ripples across industries and borders, according to a detailed analysis by Nomura Research Institute.

The report said, "Businesses are likely to shelve, scale back, or delay new investments as long as concerns remain elevated, and that has the potential to trigger a global economic slowdown or recession."

The report outlined the unfolding drama of the Trump admin...