Throughout the year, Indonesia has repeatedly destroyed illegally imported goods, including clothing, textiles, electronics, ceramics, and more. According to disclosures from Indonesian authorities, there is a significant discrepancy between the import data recorded by Indonesia and the exporting countries. For example, the value of imported textiles, apparel, ceramic products, electronics, cosmetics, footwear, and other textile goods was recorded as $360 million by the exporting countries but only $116 million by Indonesia.

Since the beginning of November, the Russian ruble has entered a new round of depreciation, with its decline catching even analysts off guard.

During Wednesday’s European trading session, the USD/RUB surged by over 4%, breaking past the 110 ruble mark—the highest level since the outbreak of the Russia-Ukraine conflict.

Recently, several shipping companies, including Maersk, MSC, CMA CGM, Hapag-Lloyd, and HMM, have announced multiple surcharge notices.

According to CCTV News, Turkish President Erdogan announced on the 13th that Turkey has severed ties with Israel and will not take any steps to continue or develop bilateral relations in the future.

China and the ASEAN nations are geographically intertwined and culturally connected. In recent years, economic and trade interactions between China and ASEAN have grown increasingly closer. Since 2013, the average annual growth rate of trade between China and ASEAN has been 7.5%. In 2023, bilateral trade volume reached USD 911.7 billion, with China remaining ASEAN's largest trading partner for 15 consecutive years, and ASEAN maintaining its position as China's top trading partner for four years running. China and ASEAN continue to expand their trade "pie."

On Wednesday, March 18th (local time), the U.S. Federal Reserve concluded its two-day monetary policy meeting by announcing a reduction in the federal funds rate target range to 4.75% to 5.0%, marking a 50-basis-point cut. This is the first interest rate decrease by the Federal Reserve since 2020.

Recently, the Brazilian Coffee Exporters Council released data, forecasting that Brazil's coffee exports to China this year will increase by 65% compared to last year.

Is there still room for interest rate cuts and reserve ratio reductions this year?

Global Economic Outlook: Fed Eases on Rate Hikes, Comoros Joins WTO, and Diverse Trends Shape International Trade and Economics

The world's largest retail giant, Walmart, recently announced the launch of Walmart Cross Border Logistics Services to optimize its supply chain, improve logistics efficiency, and reduce operating costs.