Word: pascale
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...will apply only to imports beyond a certain quota and will be in effect for six months. Imports from developing countries will be exempt. "Unfounded, unnecessary and unfair U.S. action has forced us to take temporary steps to look after E.U. industry and E.U. workers," said trade Commissioner Pascal Lamy. E.U. officials said they feared a 15 million-ton surge in steel imports blocked by planned U.S. tariffs...
...Steel Wars President George W. Bush provoked outrage and formal complaints from America's major trading partners after imposing tariffs of up to 30% on foreign steel imports. E.U. trade Commissioner Pascal Lamy said the "shortsighted" move broke international trade rules and filed a formal complaint with the World Trade Organization. Several other countries including Japan and Russia followed suit. Bush said the measures were "temporary safeguards" to allow the restructuring of the U.S. steel industry. But E.U. member states, fearing a diversion of steel imports into Europe, said they would seek compensation...
...steel imported by the U.S. in 2001 came from the E.U.; Japan, Korea and Russia were also hit by the tariffs.) Even British Prime Minister Tony Blair, who never met an American President he didn't like, howled at the "unacceptable and wrong" measures. European Union trade Commissioner Pascal Lamy resorted, as Europeans so often do when the Americans baffle them, to cowboy clichés. "The world steel market is not the Wild West where everyone can do as he pleases," he said. "There are rules...
...steel products, such as hot-rolled sheet, actually declined from the end of 1998 through 2001, and under World Trade Organization rules, America's trading partners may be authorized to retaliate immediately if the U.S. imposes hefty tariffs or quotas. In a speech in London in December, Pascal Lamy, the European Union's chief trade negotiator, vowed that the E.U. would lodge a WTO complaint if the U.S. blocked steel imports...
DIED. CAMILO JOSE CELA, 85, Spanish writer, bon vivant and 1989 Nobel laureate in literature; in Madrid. The flamboyant author pioneered "tremendismo," a raw writing style that Spain would claim as its own, though Cela's first work, The Family of Pascal Duarte (1942), was considered so violent it was banned in his country and first published in Argentina. The novel eventually became one of the best-read works of Spanish fiction since Cervantes' Don Quixote...