The European Union has said it will start imposing duties from July on a list of US products in response to Donald Trump's decision to slap tariffs on steel and aluminium imports from Europe.

European Commission vice-president Maros Sefcovic said formalities in finalising the list should be completed this month and that "the new duties start applying from July".

The EU says it will introduce "rebalancing" tariffs on about €2.8 billion worth of US steel, agricultural and other products, including bourbon, peanut butter, cranberries and orange juice.

The European Union exported some 5.5 million tonnes of steel to the US last year. European steel producers are concerned about a loss of market access, but also that steel from elsewhere will flood in.

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