内容摘要："When President Trump raised import duties by 25% for one-and-a-half years of his first mandate, we lost about $600m [£450m] very quickly," says Jerome Bauer, president of the French National Wines and Spirits Confederation.

"When President Trump raised import duties by 25% for one-and-a-half years of his first mandate, we lost about $600m [£450m] very quickly," says Jerome Bauer, president of the French National Wines and Spirits Confederation.

"We'll have a lot less growth and job creation than we had forecasted in the past."The group also slashed the outlook for the US economy this year from 2.2% to 1.6% and predicted growth would slow again in 2026.

It warned that the US was at risk from rising inflation, something that Trump repeatedly promised would fall during his presidential campaign.Prior to the release of the OECD report on Tuesday, Trump wrote on social media: "Because of Tariffs, our Economy is BOOMING!"However, the most recent official data showed the US economy shrank at an annual rate of 0.2% in the first three months of this year, the first contraction since 2022.

China says the US has "severely violated" their trade truce and that it will take strong measures to defend its interests.China's Ministry of Commerce said Washington has "seriously undermined" the agreement reached during talks in Geneva last month, when both countries lowered tariffs on goods imported from each other.

The spokesperson added that US actions have also severely violated the consensus reached during a phone call in January between China's leader Xi Jinping and President Donald Trump.

The comments come afterMr Stults adds: "We just want to compete on an even playing field with our friends and neighbours all over the world. That's our ask and that's our hope."

"It was going great until it fell apart." Richard Varvill recalls the emotional shock that hits home when a high-tech venture goes off the rails.The former chief technology officer speaks ruefully about his long career trying to bring a revolutionary aerospace engine to fruition at UK firm Reaction Engines.

The origins of Reaction Engines go back to the Hotol project in the 1980s. This was a futuristic space plane that caught the public imagination with the prospect of a British aircraft flying beyond the atmosphere.The secret sauce of Hotol was heat exchanger technology, an attempt to cool the super-heated 1,000C air that enters an engine at hypersonic speeds.