China Waives Trade Reciprocity for South Africa as Central Banks Signal Caution

Key TakeawaysChina grants South Africa 100% zero-tariff access to its markets starting May 1, 2026, notably waiving the requirement for reciprocal tariff cuts from Pretoria.The European Central Bank (ECB) released its Economic Bulletin today, confirming that Eurozone inflation has cooled to 1.7%, though officials remain "prudent" due to geopolitical risks.Federal Reserve Vice Chair Michelle Bowman and Atlanta Fed President Raphael Bostic are scheduled to speak today, with markets focused on Bowman’s recent ...