Business leaders in Davos joined calls by U.S. President Donald Trump for the European Union to speed up efforts to reduce regulation and increase competition to prevent the bloc from falling further behind other developed markets.

In his address to the World Economic Forum, U.S. President Donald Trump threatened to impose tariffs on non-U.S. manufactured products. Secretary General of the International Chamber of Commerce UK Chris Southworth tells Eleni Giokos what this could mean for consumers,