The European Union has revealed its plan to impose retaliatory tariffs on U.S. imports such as oranges, jeans, and motorcycles starting from July.<br /> The decision comes in response to President Trump's decision to slap tariffs on steel and aluminum imports from Europe.<br />The vice president of the European Commission said the formalities should be completed this month.<br />The EU has also taken its case against the U.S. to the World Trade Organization.<br />The "rebalancing" tariffs on about 2-point-8 billion euros worth of U.S. imports could increase to a 3-point-6 billion euros if the WTO rules in favor of the EU. <br />
