<div>The European Union says it will start imposing duties from July on a list of U.S. products in response to President Donald Trump's decision to slap tariffs on steel and aluminum imports from Europe.</div>''<div></div>''<div>European Commission Vice-President Maros Sefcovic said in Brussels today that formalities in finalizing the list should be completed this month and the new duties will start applying from July. </div>''<div> </div>''<div>The EU says it will introduce rebalancing tariffs on about 2.8 billion euros' (3.4 billion dollars) worth of U.S. steel, agricultural and other products, including bourbon, peanut butter, cranberries and orange juice. EU members have given broad support to a European Commission plan to set duties of U.S. exports  . </div>''<div></div>''<div>The European Union exported some 5.5 million tons of steel to the U.S. last year. European steel producers are concerned about a loss of market access but also that steel from elsewhere will flood in.</div>