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EU allocates steel import quotas to trading partners to curb import surge

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The EU has allocated import quotas for steel to its trading partners on Tuesday in an attempt to fight growing overcapacity from foreign producers.


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The measure comes amid rising tensions between the EU and china China, where most of the global steel surplus originates.

Seeking to shield its market from global overcapacity, EU legislators agreed last April to increase existing tariff-free steel quotas to 18.3 million tonnes per year while doubling tariffs beyond those quotas to 50 percent

The EU’s closest allies, such as the UK, Switzerland and Ukraine, are concerned that their own exports to the EU could be drastically affected by the new measures, and have heavily lobbied the European Commission in recent weeks for preferential access to the EU market.

“We are providing market participants with predictability through clear and transparent quota distribution rules, while applying a fair and objective methodology,” EU Trade Commissioner Maroš Šefčovič said in a statement.

Protectionist move

The protectionist move comes as global steel overcapacity is expected to grow to 721 million tonnes by 2027, according to the OECD, a volume that could threaten jobs across the entire EU steel sector.

The EU came under even greater pressure last year when the US imposed 50 percent tariffs on steel imports, rerouting the global surplus to the European market.

“They built a wall around their market, steel was hitting that wall and was coming back to our market in greater numbers,” a senior EU official said. “That is why we introduced a safeguard measure which followed an investigation.”

The EU is also fighting unfair trade practices across the board with 80 other measures already in place, among them anti-dumping duties, most of which target cheap steel imports from China.

Pressed by its closest allies to ease the measures to their benefit, the Commission announced on Tuesday that half of the 18.3 million tonnes allowed to enter its market each year will be allocated to partners bound by free trade agreements with the bloc, including India, Switzerland and the UK.

Many of the countries that have clinched a trade deal with the EU will be allocated country-specific quotas proportionate to the volumes traded with the EU between 2022 and 2024.

A special status has also been granted to Ukraine to support the country while it remains at war and ensure a certain level of exports to the EU.

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Larry David’s U.S. history show is like ‘Curb’ in costume, co-creator says

How well do you remember your U.S. history class from high school or college? Did some of the key moments in America’s 250 years of existence involve Larry David playing a founding father? OK, maybe not, but it’s fun to imagine what that would be like. And that’s precisely what David and Jeff Schaffer have done with their new HBO series “Life, Larry and the Pursuit of Unhappiness.”

The series, premiering Friday, is a timely look at some of America’s big moments in history with a comedic twist that will remind viewers of “Curb Your Enthusiasm,” partly because it also features some cast members from the show. The series arrives on the cusp of the 250th anniversary of America’s founding, and offers an alternative history that’s still steeped in facts. Schaffer stopped by Guest Spot to talk about creating the series with David and what it was like to work with former President Obama.

Speaking of laughter, if you like yours with a whole lot of drama, FX dropped the final season of “The Bear” Thursday on Hulu. The series, which premiered in 2022 and made phrases like “cousin,” “yes, chef,” and “every second counts” memorable, ties up a lot of strings for its crew of chefs. Jeremy Allen White and Ayo Edebiri, the actors who were at the center of the show for five seasons, spoke to us about “The Bear” coming to a close, where their characters end up and what it feels like to leave them behind (be forewarned, the interview has lots of spoilers).

The finale feels like a fitting end to one of the best shows of the past decade (so far) — but we won’t say much more. Enjoy each episode like a multi-course meal at a fine-dining restaurant. You’ll want to savor each bite before it’s over.

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Also in this week’s Screen Gab, our writers recommend an animated series with monsters and mystery and a documentary about one of America’s greatest bands. I’ll get my flags, fireworks and BBQ supplies ready in the meantime. — Maira Garcia

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Recommendations from the film and TV experts at The Times

Two cartoon boys stand in a dark room as one holds a flashlight at a jar with an eyeball that the other is holding.

Bobby and Romy in Disney+’s “The Doomies.”

(Disney)

“The Doomies” (Disney+)

If you’re missing “Widow’s Bay,” and like cartoons, here’s another tale of monsters loose in a coastal tourist town, with the difference that the town, called “Ouimpre,” is decidedly on the Atlantic coast of northwest France. (It’s a Franglais pun.) There are half-timbered buildings; what used to be a Camembert factory after it was a beret factory; a cafe that serves crepes, not pancakes; and boulangeries, not bakeries. (It’s a French production; Disney encouraged animator Andrés Fernandez to go local.) As in “Stranger Things,” which no one may be missing by now, the protagonists are kids — Romy, who is excitable and impulsive, and Bobby, who is neither — abetted by a formidable female teenage demon slayer and a lighthouse keeper with occult knowledge. The series is energetic, funny and character-driven — even the monsters. The action is well-staged and intense, the color palette moody and evocative, and the design not at all reminiscent of a hundred other cartoons, which makes the show refreshing as well as fun. — Robert Lloyd

Earth, Wind & Fire in HBO's "Earth, Wind & Fire (To Be Celestial vs. That's The Weight Of The World)"

Earth, Wind & Fire in HBO’s “Earth, Wind & Fire (To Be Celestial vs. That’s The Weight Of The World)”

(Jeffrey Mayer / HBO)

“Earth, Wind & Fire (To Be Celestial vs. That’s the Weight of the World)” (HBO Max)

Even if you think you don’t know Earth, Wind & Fire, chances are they’ve soundtracked a wedding, bar mitzvah, awkward office party or some other memorable celebration in your life. Somewhere between “Shining Star,” “Let’s Groove” and “September,” the band mastered the art of coaxing three or four generations of a family onto the same dance floor. Questlove’s new documentary explores how that happened. If his recent Sly Stone film examined how genius can curdle into self-destruction, this one asks a different question: How did Earth, Wind & Fire founder Maurice White build something that lasted? Abandoned by his mother as a child, White set out to create not just a band but a family, assembling a sprawling ensemble around a musical and spiritual vision. Questlove is too thoughtful a filmmaker to sand down the rough edges. White emerges as both inspiring and flawed: a gifted bandleader, spiritual seeker and demanding perfectionist whose drive sometimes came at a personal cost. Drawing on interviews with everyone from former bandmates to Stevie Wonder, Lionel Richie and Barack and Michelle Obama, Questlove builds a portrait of White that never shies away from his contradictions. In the process, he shows how White’s fascination with spirituality, Egyptology and the cosmic unknown shaped both the band’s music and mythology. You may occasionally wish the film lingered longer on the performances themselves (for a reminder of what made Earth, Wind & Fire such a formidable live act, start with the 1975 concert album “Gratitude”). But by the end, you have a deeper appreciation for the band’s unlikely feat: turning something so eccentric into something so universal. — Josh Rottenberg

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A weekly chat with actors, writers, directors and more about what they’re working on — and what they’re watching

A man in a hat and dirty blue vest sits outdoors with a gold pan in his hand as he gestures with the other.

Larry David in “Life, Larry and the Pursuit of Unhappiness.”

(John Johnson / HBO)

Is Larry David about to be the most entertaining (and crankiest) history teacher America has ever had?

To celebrate the arrival of the nation’s semiquincentennial, the comedian teamed up with Barack and Michelle Obama’s Higher Ground Productions to revisit the truth of our history with some comedic chaos. The result is “Life, Larry and the Pursuit of Unhappiness,” a seven-episode sketch comedy series from the mind of David and his longtime “Curb Your Enthusiasm” collaborator Jeff Schaffer that pairs reenactments of seminal milestones from America’s past with David’s misanthropic humor — or, as its creators dub it, “‘Curb’ in costume.” Subtitled “An Almost History of America,” it features a star-studded roster of actors dressing up in period clothes alongside David, including “Curb’s” Jeff Garlin, J.B. Smoove and Susie Essman, as well as Bill Hader, Kathryn Hahn, Jon Hamm and Jerry Seinfeld. The first episode premieres Friday at 9 p.m. ET/PT on HBO and will stream on HBO Max.

Over a video call, Schaffer discussed the show’s genesis, former President Obama’s improv skills and the British TV series that has him entertained. — Yvonne Villarreal

Tell me about getting into business with the Obamas. Their production company approached Larry. How did it evolve into this?

Larry and President Obama know each other a little bit. They really enjoy each other’s company, or at least Larry enjoys needling Obama, and Obama really enjoys needling Larry. The moment that we all met together to have our first meeting, the first thing Obama does — I’ve never met the president [prior]— he starts just ragging on Larry’s golf game, and how he wears so much sunscreen on the golf course. And Larry just goes to President Obama, “Oh, I’m sorry, my dad’s not from Kenya.” And that’s how it started. They have a great rapport and they wanted to do something special for the 250th [anniversary]. Larry says no to everything — his best friend can be having a premiere of a movie, and Larry will go, “Where is it in Hollywood?” But Larry’s not going, that’s too far. When this came around, Larry was like, “Huh, that’s actually pretty interesting.” He responded right away to the historical nature of it because, as he would say, he’s an American history buff.

The genesis for Larry and I is that we had done a tiny test run of this with that FTX ad for the Super Bowl a few years back. I don’t know, whatever happened to those people — I’m sure they’re fine — but he remembered how much fun he had being in costume. And honestly, I think he forgot how much he hated being in a wig. It’s like childbirth, enough time had passed.

Given the sort of tenor of the times, why does this type of comedic look at America’s history feel like the appropriate way to mark this anniversary?

It’s the 250th and I get that celebrating the country right now may feel like throwing a birthday party for your friend who’s in rehab — he’s all f— up — but we still love him, right? There’s a way to look at the country’s history, warts and all, the two steps forward and the one step back. And I think one of the best ways to do that is through comedy.

Going back to President Obama — what are the negotiations to get him to appear in it? Or was that on the table from the beginning?

Once I saw the two of them interact together, that became my primary mission. We’ll write the sketches, and we’ll do the documentary stuff, we’ll make it all historical and fun, whatever, but we have to get you two on screen together. It was also sort of the promise of the show, too. When I originally talked to Amy Gravitt at HBO about it, I remember I said, “What if I could give you a show that brought together two people half of America loves?”

What was it like directing them in a scene together? He gives the opening remarks at the start of the show.

He is a truly inspiring, amazing human being who also happens to have great comedic timing. He and Larry get into a groove immediately, which is very fun, and it was honestly one of the coolest things I’ve ever done in my life, directing them. The president said, “I guess I like being annoyed by Larry. Once we get together, I start sounding like him.” It’s like Larry’s this black hole of negativity that sucked Obama in for these brief periods of time; it was just fun.

Is he good at improv then on the spot like that?

Yes, he is. He’s got some really funny stuff in the sketch they’re in together that is all him — 100% the president.

Do you have a favorite moment from this first episode — it features the Declaration of Independence, segregation and Rosa Parks.

There’s different things in each of them. The thing that I’m most excited about is when you don’t know what the next one’s going to be, and then when the narration for the little documentary section starts, and it starts talking about Rosa Parks, I can just see [viewers] going, “Oh no …” That’s a great “Curb” feeling. It’s a comedy horror film — “Oh no, don’t do that, oh no.” Then you get sucked in.

We tried really hard to make sure that production-wise, there’s historical accuracy, so it really felt like you were in this moment. Then Larry gets dropped in, and all hell breaks loose. Same thing with World War I — I got to shoot a whole bunch of World War I fighting — and there’s Larry pretending to be dead. One of the things that attracted us to it in the very beginning was the idea of the juxtaposition between these big dramatic moments and then Larry. History is writ large, and Larry writes so small and that dynamic is fun for us.

One of the great things about a show like this — or what’s come before, like “Drunk History” — are the lessons that can be learned. Is there something you learned while filming this series or a takeaway you had in looking back at our history?

There are things I did not know. One of the things that was also enjoyable is being able to talk about modern things in a historical context, even with that phone. We don’t write dialog — we write some, but it’s basically like doing “Curb.” Larry knew that people were going to ask some questions about the phone, but I just was peppering these people with questions about all of the modern stuff, and just watching Larry get angrier and angrier at these people. At a certain point, the membrane of actor, of character to real human being was breached. He was so mad at them, but that’s what making the show is. Actually, at the end of the our shoot, President Obama said to me, “I see how it works. Larry makes the world uncomfortable, and you make sure the world makes Larry uncomfortable.” That’s literally how we make the show.

Would this format work for current historical events? How do you think, 250 years from now, a reboot of this show would tackle something like telling the story of the UFC fight on the White House lawn?

That’s the problem — we’ve entered an era of America parodying itself. It’s insane. One of my good friends, Dave Mandel, used to do a “Veep” and he’s like, “What do you do now?” I think what we tried to do, and you’ll see as you go further into episodes, we try to address a lot of things that are happening right now through a historical lens. So we might be back in colonial times, and we might be back in the ‘50s, but we’re actually talking about something that’s happening right now.

Before I let you go, what is the TV show or movie out right now that you’re telling everyone to watch?

I just started watching “Steve and Alice” [Hulu, Disney+]. It’s so well done; it’s so dark and funny and really engaging.

What’s the comfort show or movie you return to again and again?

I can pretty much put on any “Lord of the Rings” [HBO Max] movie anywhere and not be able to get my butt off the seat.

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Can central banks curb inflation as energy costs rise? | Business and Economy

Central banks hold rates steady as energy shock tests inflation fight.

Caught between rising inflation and slowing growth, the United States Federal Reserve, the European Central Bank and the Bank of England are keeping interest rates and borrowing costs steady.

That’s despite rising energy bills, fuel and food costs squeezing businesses and households worldwide.

The International Monetary Fund is warning of a global slowdown, and no one knows how long the energy shock set off by the US-Israel war on Iran will last.

The impact will be felt hardest in emerging markets and developing nations. Central banks face a tough choice: fight rising prices or support a weakening economy.

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Calderon to Persist in Efforts to Curb Speaker’s Power

Although he lost his bid to become Speaker of the California Assembly, Charles Calderon (D-Alhambra) said he will persist in efforts to curb the powers of that office and to reform the legislative system even if it means working for passage of a Republican-sponsored initiative.

Assemblyman Willie Brown (D-San Francisco) won an unprecedented fifth term as Speaker on Monday, turning back the challenge of a coalition of Republicans and five dissident Democrats, including Calderon. Brown got 40 votes in the 80-member Assembly while Calderon received 34.

Calderon, a 38-year-old attorney, shook hands with Brown after losing the election but said that act did not signal an end to his challenge to Brown’s leadership. All it meant, he said, is that “I’m not a bad loser.”

It was nearly a year ago that Calderon and four other Assembly Democrats rebelled against Brown and formed what the press dubbed “The Gang of Five.” They began working with Republicans to pass legislation Brown opposed and called for reforms to weaken the Speaker’s power.

Gained Support

Brown not only survived the challenge but picked up additional allies in November’s elections.

Nevertheless, Calderon said he considers the Gang of Five effort successful because it has brought legislative reform to the forefront.

He noted that even Brown has said he will support changes in the way the Assembly is run and has appointed a committee headed by Assemblyman John Burton (D-San Francisco) to make recommendations. Calderon said he is skeptical about Brown’s support for reform and in a letter to Burton termed the committee’s preliminary proposals “a clever and skilled rubber-stamping procedure that in reality further concentrates power in the Speaker and his friends.”

Calderon said he is optimistic about the prospects for legislative reform, however, because Democrats apart from the Gang of Five are demanding it.

If the Legislature does not produce meaningful reform, he said, he will support Assembly Minority Leader Ross Johnson’s proposal to reform the Legislature through the initiative process.

In an interview in his Montebello office last month, Calderon said that by putting legislative reform at the top of his agenda, he is responding to the desires of voters in his district.

‘Don’t Give Up’

“Everyone says, ‘Don’t give up. Keep fighting.’ That’s what people want. They don’t want to elect people to go up to Sacramento to lay down for an office. They want people to go up and raise hell for the right reasons.”

Calderon compared the way the Assembly works now to what he saw of the Communist Party when he visited the Soviet Union in a cultural exchange program in 1985.

“The way the Speaker runs the Assembly has many similarities to how the Communist Party works,” Calderon said.

“In the Soviet Union, the only means of upward mobility is through participation and advancement in the Communist Party,” he said. Those who are loyal, do as they are told and don’t challenge those above them move up, he said.

“That’s exactly the way the Assembly works. If you don’t challenge the Speaker, don’t vote against him, don’t embarrass him and do as you’re told, why, then you’ll move up in the Assembly hierarchy.”

Susan Jetton, Speaker Brown’s press secretary, dismissed Calderon’s assertion that the Assembly operates like Soviet politics. Brown, she said, “has never, never said that people have to agree with him.” But Jetton added, Brown has told lawmakers that if they want to chair committees they should support his direction “on procedural matters.”

For example, she said, in the last legislative session Brown appointed Republican Assemblyman Larry Stirling of San Diego as chairman of the Public Safety Committee, even though the liberal Brown often disagreed with the conservative Stirling.

When told that Calderon is continuing to assail Brown’s policies, she said: “I’m sorry Chuck is doing this. The Speaker began the day after the election and has continued . . . to bury the hatchet and say ‘let’s work together.’ ”

Calderon rose to the post of majority whip under Brown and was a member of the powerful Ways and Means Committee. He authored major bills opening California to interstate banking, requiring environmental testing near landfills, and regulating firms that help consumers obtain credit.

Calderon said that even before he joined the Gang of Five, Brown “perceived me as a threat to him and constantly attempted to co-opt me by handing me more titles and assignments, more public praise and that kind of thing. When he realized he wasn’t making any difference, he took the opposite tack and tried to take everything away.”

Fall From Power

Calderon’s allies in the Gang of Five, Gerald Eaves of Rialto, Rusty Areieas of Los Banos, Steve Peace of Chula Vista and Gary Condit of Ceres, all held leadership positions or seats on influential committees before they began challenging Brown’s leadership. Last spring Brown referred to them as “just the most outrageous collection of ungrateful people I’ve ever met.”

All five lost their leadership positions and choice committee assignments.

In addition, Brown dismissed six members of Calderon’s staff and moved him to a smaller office earlier this year. Calderon no longer has any committee assignments, and said he sometimes has been denied the customary legislative per diem of $87 for attending legislative hearings and reimbursement for travel to Sacramento.

Calderon said Brown “arbitrarily approves or denies legislative per diem depending on the way he feels.” A spokeswoman for Brown said he rejects claims that fail to comply with Assembly rules, but does not act arbitrarily.

Speaks as Moderate

Calderon said Brown and other Democratic leaders have increasingly focused on a liberal agenda that excludes moderates such as himself.

“If ‘60s liberalism continues to dominate the leadership of the Democratic Party, then I think the party is doomed,” Calderon said.

“It used to be there was room for everybody in the Democratic Party. The reality is that there is no room for you if you are a moderate or a middle-of-the-road Democrat.”

However Calderon said he does not intend to leave the party. “I have been a Democrat all my life,” he said. “I will always be a Democrat. My mother was a Democrat . . . my father . . . my grandparents, and I will die a Democrat but I won’t sit back and be a silent Democrat.”

Some critics have questioned whether Calderon is moderate and a reformer, or is just maneuvering for power.

Critical Memo

Before Monday’s vote on the speakership, Assemblyman Richard E. Floyd (D-Hawthorne), a Brown loyalist, circulated a 28-page memo titled “The Two Faces of Charles Calderon.” The memo accused Calderon of ducking issues, saying he has one of the highest rates of not voting in the Assembly. The memo also accused Calderon of hypocrisy in advocating a ban on transfer of campaign funds, and then transferring thousands of dollars to political allies. It also noted that he has urged a limit on the number of bills a legislator can introduce but has introduced more than most of his colleagues, although he has had a low percentage enacted.

Calderon said he does not know whether the charge that he votes on fewer bills than other members is true, but he sometimes abstains when he approves the general thrust of a bill but dislikes specific provisions. As to his position on transfer of funds, Calderon said he has supported reform of campaign financing, including Prop. 68 last June, but until reforms take effect he will operate within existing rules, helping allies when that is permitted.

The assemblyman said he does not regard the number of bills introduced and passed to be a measure of effectiveness.

Diffusing Power

Calderon has called for a number of reforms in the Assembly, many of them aimed at sharing power now concentrated with the Speaker. For example, in place of the present system in which the Speaker controls committee assignments, Calderon would have the entire Assembly elect the Rules Committee, which would make other committee assignments. He also would give each member a budget allotment, outside the control of the Speaker.

“We’ve got to diffuse the power of the Speaker by setting up a checks and balances system in the House and by taking away the Speaker’s power to punish members in a personal and political way.

“We need to do away with this punishment and reward system,” he said. “As long as there is this punishment and reward system, members are going to be either seduced or intimidated from representing their own districts.”

One Brown ally, Assemblyman Burt Margolin (D-Los Angeles) said he hopes Calderon will make peace with the Democratic leadership.

GOP Links

“I’m hopeful he’ll return as a fully functioning member of the Democratic caucus and leave behind the alliance with Republicans,” he said.

Margolin said he has repeatedly stressed the following point in conversations with Calderon during the past year:

“Whatever our internal differences, they are best resolved within the Democratic caucus and when you invite Republicans into the discussion what follows is not in the best interest of the Democratic Party . . . because they (the Republicans) clearly have a focused self-interest.”

In an interview on Tuesday, Assemblyman Richard Mountjoy (R-Monrovia) said that Calderon’s future remains bright, despite Monday’s vote.

“I think he’s got a good future here,” Mountjoy said. “I just don’t believe Willie will be around here a long time. I’m not sure if he will become Speaker. That’s not out of the realm of possibility. But even if he’s not Speaker, certainly he will have a key position in the house once Willie moves on and I don’t think Willie will be here forever.”

Calderon, who lives in Whittier, was reelected to his fourth term in November without Republican opposition. He represents a district that contains Alhambra, Montebello, Monterey Park, Pico Rivera, South El Monte and part of Whittier.

Times staff writer Mark Gladstone in Sacramento contributed to this story.

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Larry David talks ‘Seinfeld,’ ‘Curb Your Enthusiasm,’ new HBO series

Inside the ornate Bovard Auditorium, Larry David kept a full audience in stitches as he discussed the creation and legacy of his improv hit, “Curb Your Enthusiasm,” which concluded in 2024 after 12 seasons.

In a conversation with Lorraine Ali — who wrote “No Lessons Learned: The Making of Curb Your Enthusiasm,” which retraces the show’s long run with cast interviews, episode guides and behind-the-scenes material — David reflected on the separation between himself and the abrasive on-screen persona he adopted for more than two decades.

“I wish I was that Larry David,” he said.

David spoke about the outrageous audition process for “Curb,” wherein actors tried to navigate a brief written scenario without any dialogue to guide them as David lambasted them in character. Out of this process came iconic one-liners and beloved characters, such as Leon, played by J.B. Smoove.

“People bring out certain things, and when I would act with them, some of them would make me seem funny,” David said. “I go, ‘Oh, that’s good — let’s give him a part.’”

David cited “Palestinian Chicken” as one of his favorite episodes of the show. In the episode, David is caught between a delicious new Palestinian chicken restaurant, a Palestinian girlfriend and an outraged inner circle of Jewish friends.

He also spoke briefly about his upcoming episodic HBO series, “Life, Larry and the Pursuit of Happiness,” a historical spoof that will retrace United States history for the country’s 250th founding anniversary. The series will premiere on Aug. 7.

“A lot of wigs, costumes, beards — fake beards,” David said. “Nothing worse than fake beards.”

The controversial ending of “Seinfeld,” which David co-wrote with comedian Jerry Seinfeld, was polarizing among fans when it was released, David said. After a recent rewatch, however, David said he thought it was “pretty good,” to a round of applause from the audience.

Near the end of the panel, an audience member asked a question some definitely had on their mind: Will “Seinfeld” ever get a reunion?

“No,” David replied without missing a beat.

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