The European Union on Friday threatened to target US steel and textile exports in retaliation for Washington's restrictions on steel imports, unless the Bush administration agree to its demands for compensation. In an aggressive riposte to last week's White House decision to levy duties of up to 30 per cent on steel imports, the European Commission confirmed it was drawing up a list of US goods worth about $2bn which could face increased EU tariffs. The $2bn relates to the value of EU steel exports affected by the US tariffs. "The overall amount we'll be looking for is close to...