News
Shein implements drastic U.S price hike as tariff changes loom
VI CONSORTIUM
GUANGDONG, China- Fast-fashion retailer Shein Group Ltd. has significantly raised prices across its U.S. product lines, encompassing everything from clothing to household goods. These price increases, effective as of April 25, have been implemented in anticipation of substantial tariffs and the removal of a critical customs exemption by U.S. authorities. Such policy changes target low-cost imports from China, directly impacting Shein and similar companies, and ultimately, American consumers.
'Put a task force in place quickly'- Hon Penn on US tariffs
FAT HOGS BAY, Tortola, VI- Opposition member Hon Marlon A. Penn (R8) has called on the Premier Dr the Hon Natalio D. Wheatley (R7) led government to seek the assistance of experts in understanding the true impact of the recent imposition of a 10% tariff on the Virgin Islands by the United States of America (USA) and the global trade war.
Premier Wheatley mobilises key stakeholders in response to US tariff threat
ROAD TOWN, Tortola, VI– Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7), on April 7, 2025, convened urgent high-level discussions with major industry stakeholders in a move to protect the Virgin Islands' economy from the ripple effects of newly-imposed tariffs by the United States Government.
Gov’t & Governor mum on 10% tariff imposed on VI
ROAD TOWN, Tortola, VI- US President Donald J. Trump’s latest executive order, which establishes a baseline 10% tariff on all US imports beginning April 5, 2025, has sent shockwaves through the Caribbean Community (CARICOM), sparked retaliation from China and the European Union, and set the stage for a significant realignment in global trade.
VI should not expand charter industry @ ‘detriment’ of USVI’s- Gov Bryan
FREDERIKSTED, St Croix, USVI- The Governor of the United States Virgin Islands (USVI), Albert A. Bryan Jr, has confirmed that he will meet with the Virgin Islands' (VI) Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7), in Tortola on Friday, March 7, 2025, to discuss proposed increases affecting the marine charter-yachting industry for the territories.
USVI charter operators must pay fair fees; 1992 rates unacceptable- Premier
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) has rejected as "unacceptable" for charter operators from the United States Virgin Islands (USVI) to continue paying outdated fees from 1992 while generating significant revenue for their own economy.
_Skip_the_Ferry_copy_(2).jpg)
Follow Us On
