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Tech tariff reprieve may be short-lived, Commerce Secretary warns

By James R. Hood of ConsumerAffairs
April 14, 2025

Key takeaway:

  • Smartphone and electronics tariff exemptions seen as temporary, not negotiable

  • Semiconductor levies expected in a month or two, as part of Trumps reshoring push

  • Lawmakers criticize administrations unpredictable and sweeping tariff strategy


A temporary exemption from U.S. tariffs on smartphones and consumer electronics may offer only short-term relief, with the Biden administration preparing a fresh wave of import duties targeting semiconductors and pharmaceuticals, Commerce Secretary Howard Lutnick said Sunday.

Appearing on ABCs "This Week," Lutnick clarified that while tech products were excluded from last week's sweeping tariff implementation, they are still squarely in the crosshairs of President Trumps long-term plan to bring critical manufacturing back to U.S. soil.

These are coming soon, Lutnick said. Theyre included in the semiconductor tariffs which are coming in probably a month or two.

Exempt but not safe

Markets rallied briefly last Friday when the White House announced a 90-day pause on certain tariffs, including those on smartphones and electronics, amid global backlash and intense economic uncertainty. But Lutnick underscored that the move was not a sign of softening.

Its not a permanent sort of exemption, he said. Hes just clarifying that these are not available to be negotiated away by countries.

This tough stance suggests that high-tech imports, especially semiconductors and essential pharmaceutical components, will soon face unwavering levies, as Trump pushes forward with his industrial reshoring agenda.

We need our medicines and we need semiconductors and our electronics to be built in America, Lutnick said. We cant be beholden and rely upon foreign countries for fundamental things that we need.

A volatile global trade landscape

President Trump shocked markets earlier this month when he imposed 10% tariffs on nearly every country with steeper penalties for nations running large trade surpluses with the U.S. While temporary reprieves have been issued, the administration is now under pressure to negotiate bilateral deals within the 90-day window.

Despite reassurances, the unpredictability of these measures has rattled economists and lawmakers alike.

Warren: Its all chaos and corruption

Senator Elizabeth Warren (D-Mass.) blasted Trumps approach, calling the tariff campaign an erratic and uncoordinated policy that has injected chaos into global markets and opened the door to insider trading risks.

There is no tariff policy, Warren said. Its just all chaos and corruption.

She also pointed to the short-lived nature of Trumps bold claims, citing his tweet of I WILL NOT BACK DOWN shortly before reversing course on several key tariffs.

Whats the emergency we have with Belgium or South Korea? Warren asked, criticizing the lack of coherent justification behind the blanket tariffs.

Democrats in the Senate have urged the Securities and Exchange Commission to investigate allegations of market manipulation tied to tariff-related policy swings and their potential impact on stock trades by Trump associates.


As the White House doubles down on reshoring key industries and confronting foreign reliance, the tech sector once temporarily spared may soon be facing tariffs head-on, leaving consumers and investors bracing for higher costs and prolonged uncertainty.




Posted: 2025-04-14 02:33:24

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Consumer News: Auto Safety Recall Derby – Week of Jan. 12, 2026
Mon, 12 Jan 2026 20:07:05 +0000

BMW climbs the podium this week with another major safety recall, Volvo EV issues continue

By News Desk of ConsumerAffairs
January 12, 2026

BMW airbag ruptures, EV battery fire warnings, and camera failures dominate another busy recall week.

Each week, NHTSA recall notices pile up. Heres the full breakdown of the latest safety defects affecting cars, motorcycles, buses, and commercial vehicles.

Grabber Recall of the Week

BMW 2-Series, 3-Series, 4-Series (20142015)
Air bag inflators may rupture, potentially sending metal fragments into the cabin a serious injury or death risk. ( NHTSA Recall 25V871 )

Other Notable Mentions

  • Park Outside Warning: Volvo EX30 recalled over a high-voltage battery fire risk owners are advised not to park indoors. (26V001)
  • Camera Chaos: Audi and Volvo recalled dozens of models after rearview camera images may fail to display.
  • Steering Failure Risk: Terminal Investment Corp. yard tractors recalled for track rod detachment causing loss of steering. (25V904)
  • EV Bus Repeat Offender: Blue Bird logs multiple recalls again this week for electrical power loss and wheelchair restraint failures.

This Weeks Tally

  • Fire & overheating risks: 4 recalls
  • Camera & visibility failures: 3 recalls
  • Trucks & commercial vehicles: 5 recalls
  • EV / battery systems: 6 recalls
  • Structural / seat / restraint issues: 4 recalls
  • Steering, suspension & axle failures: 2 recalls
  • Motorcycles: 3 recalls

Full Recall Roundup

Airbags & Restraints

  • BMW 228i, 320i, 328i, 335i, 428i, 435i, M235i (201415): Air bag inflators may rupture serious injury risk (25V871)
  • Blue Bird Transit Buses (2026): Wheelchair restraint retractor may not lock occupant safety risk (26V004)

Fire & Overheating Risks

  • Volvo EX30 (2025): High-voltage battery may ignite park outside warning (26V001)
  • Tiffin Open Trail (202526): Battery-to-inverter wire may overheat fire risk (25V905)
  • BMW i4 eDrive40 (2025): Improperly secured battery cable short circuit / fire risk (25V906)

Cameras & Visibility

  • Audi A6, A7, A8, Q7, Q8, e-tron & RS/S models (201926): Rearview camera image may not display FMVSS 111 violation (25V900)
  • Volvo S/V/XC lineup (202125): Rearview camera may fail visibility hazard (25V908)

Steering, Suspension & Axles

  • TICO Pro Spotter Tandem (201826): Track rod may detach loss of steering control (25V904)
  • Rivian R1T, R1S (202225): Toe link joint may separate loss of vehicle control (26V003)

Motorcycles

  • Honda CBR600RR, CB1000SP (202426): Engine rod bearing failure engine seizure risk (25V891, 25V892)
  • KTM 390 Adventure / Enduro / SMC R (2025): Side stand spring may break tip-over risk (25V907)

Buses & Commercial Vehicles

  • Blue Bird Electric School Buses (201927): Loose 12-volt cable may cause loss of drive power (25V897, 26V002)
  • Gillig Low Floor Bus (2025): Rear axle fasteners improperly tightened axle instability risk (25V913)

Compliance & Labeling

  • Chevrolet Equinox EV (202526): Insufficient pedestrian warning sound FMVSS 141 noncompliance (25V878)
  • Nissan Rogue (2026): Incorrect spare tire installed FMVSS 110 violation (25V912)
  • Subaru Forester (2026): Rear hatch support bracket may fail injury risk (25V889)

Recall Leaderboard (Year-to-Date)

         Ford (6)
    BMW (4)      Volkswagen Group (4)
    Contenders: Volvo (3), Hyundai (2), Bentley (2), Blue Bird (2)
      

BMW climbs the podium this week with another major safety recall, while Volvo continues to stack EV-related battery and camera issues.

Takeaway

Airbags, batteries, and blind spots defined this weeks Derby. BMWs aging inflator issue resurfaces, Volvo warns owners to park outside, and Audi and Volvo together recall dozens of models over camera failures. As EV adoption grows, battery and electrical system recalls are becoming a familiar and troubling theme.

To see if your vehicle is affected, use the NHTSA Recall Look-Up Tool .


Read More ...


Consumer News: Record holiday season shows how smart shoppers win
Mon, 12 Jan 2026 20:07:05 +0000

The shopping tools and timing tricks that actually worked in 2025

By Kyle James of ConsumerAffairs
January 12, 2026
  • Planning beats panic. Shoppers who timed purchases around major deal days and used price alerts paid less than last-minute buyers.

  • Tools save money when used carefully. Mobile apps and AI helped surface deals, but smart shoppers still double-checked prices and details.

  • Flexibility needs limits. BNPL and easy returns worked best for shoppers who used them intentionally, not impulsively.


U.S. consumers set a new record for online holiday shopping during the 2025 season, with total e-commerce spending reaching $257.8 billion from Nov. 1 through Dec. 31 a 6.8 % increase from the year before.

This Adobe Analytics data not only highlights broad spending trends but offers insights that every holiday shopper (and deal-seeker) can use to shop smarter, save money and avoid common online pitfalls.

1. Plan for key sales days but dont wait too long

Adobes data showed that the spike in online spending was heavily concentrated around what retailers call Cyber Week (the days from Thanksgiving through Cyber Monday), but strong deal activity also spread throughout November and December.

Smart tips:

  • Try to map your gift list specifically to Black Friday or Cyber Monday. Electronics and small appliances on Black Friday, clothing and smart devices on Cyber Monday.
  • Use price-tracking tools like camelcamelcamel or Honey to alert you when prices drop so you make sure you always get the lowest price.
  • Sign up for retailer email lists and mobile alerts (Target Circle, Walmart+, etc.) so youll catch the deals early before stock runs out.

2. Use mobile tools but check before you buy

For the first time ever, more than half of all online holiday purchases (56.4 %) were made on smartphones. Christmas Day itself saw 66.5% of all sales made via mobile as most stores were closed.

That means shoppers were relying on mobile deal notifications, shopping apps and quick checkouts. All of which were heavy drivers during the entire holiday shopping season.

Smart tips:

  • Download retailer apps (Amazon, Target, Walmart, Best Buy) and turn on push notifications for flash sales.
  • Depending on what youre buying, consider switching to a desktop or a larger screen to double-check details like size, color, and shipping timelines. Ordering mistakes happen much easier on small screens.

3. Embrace smart tools like AI and deal assistants

Adobes analysis found a 693 % surge in traffic from generative AI tools. Shoppers were using AI assistants and search tools more than ever to research products, compare prices and find the good deals.

Smart tips:

  • Try ChatGPT, Googles shopping, or Bing Shopping to help narrow your buying options and surface any deal or coupons that can save you money.
  • Im a huge fan of asking AI to compare products side-by-side. For example, try things like Compare air fryer deals under $150 which will narrow down your choices quickly.
  • Also, use AI to find coupon codes, historical pricing trends, and bundle offers you might otherwise miss. Chat GPT does a pretty good job find coupons when you ask it things like find any coupon codes for Lands End.

4. Take advantage of flexible payment options carefully

The report also found that Buy Now, Pay Later (BNPL) services hit a milestone of $20 billion in holiday purchases, up nearly 10 % from the prior season, with BNPL increasingly used for electronics, apparel and furniture.

Smart tips:

  • If you use BNPL (like Affirm, Klarna, Afterpay), be sure to check fees and interest terms before checkout.
  • Only use BNPL for items you would buy anyway. Keep in mind that spreading cost out over time can be dangerous if it leads to impulse buys.
  • Set calendar reminders for payment due dates so you avoid late fees.

5. Shop with a returns and warranty plan

Adobe found that returns were down 1.2 % overall, though late-December returns spiked just after Christmas.

A planned return strategy can mean you dont overspend or get stuck with unwanted gifts.

Smart tips:

  • Read return policies carefully when buying from a store youre not familiar with. Free returns with prepaid labels are obviously ideal as we enter a world where more stores are charging for returns.
  • Save confirmation emails and order histories so you can act quickly if return windows close fast after the holidays.

When buying big-ticket items like tech and appliances, be sure to check the warranty details when comparing one product or brand against another. A solid warranty is worth paying a bit more for if everything else is equal.


Read More ...


Consumer News: GameStop plans to close 400 retail locations
Mon, 12 Jan 2026 17:07:06 +0000

The company has struggled for years with declining in-store traffic

By Mark Huffman of ConsumerAffairs
January 12, 2026
  • GameStop says it plans to close roughly 400 retail locations as part of a broad restructuring effort

  • The move reflects ongoing shifts toward digital game sales and cost-cutting across brick-and-mortar retail

  • Employees and local communities are bracing for the impact as the company evaluates its physical footprint



GameStop, which became a meme stock during the early days of the COVID-19 pandemic, has announced plans to close approximately 400 retail stores, marking one of the most significant contractions in the video game retailers long and turbulent history.

The closures are expected to take place over the coming months as the company works to streamline operations and adapt to changing consumer habits.

The Texas-based company has struggled for years with declining in-store traffic as gamers increasingly buy digital downloads, subscribe to cloud-based services, or purchase hardware online. While GameStop gained renewed public attention in recent years due to dramatic stock market activity, its core retail business has continued to face structural challenges.

In a statement, the company said the planned closures are intended to optimize the store portfolio and focus resources on locations that remain profitable. GameStop did not immediately release a full list of affected stores, noting that decisions are being made based on lease terms, local performance, and market conditions.

Pressure on specialty retailers

Industry analysts say the move underscores the pressure facing specialty retailers that rely heavily on physical sales. This isnt just about GameStop, said one retail analyst. Its a reflection of how quickly digital distribution has reshaped the video game industry.

For employees, the announcement brings uncertainty. Store closures typically result in layoffs, though GameStop said it is exploring opportunities to relocate some workers to nearby locations where possible. Labor advocates have called on the company to provide clear timelines and support for affected staff.

Despite the cutbacks, GameStop has said it remains committed to maintaining a physical retail presence, particularly for collectibles, hardware, and in-person customer engagement. Whether that strategy will be enough to stabilize the business remains an open question as the company navigates a rapidly evolving marketplace.

Stock surge

GameStops stock surged in 2020 and early 2021 not because the companys business suddenly improved, but because of an unusual convergence of market mechanics, online investor behavior, and timing.

For years, hedge funds and other institutional investors had bet against GameStop, viewing its mall-based retail model as outdated in a world moving rapidly toward digital game downloads. By 2020, GameStop had one of the highest short interests in the U.S. market, meaning a large percentage of its shares had been borrowed and sold by investors expecting the price to fall.

Users on Reddits WallStreetBets forum began publicly arguing that GameStop was undervalued and, more importantly, that its extreme short interest created the conditions for a potential short squeeze. Many individual investors started buying the stock and call options, coordinating their enthusiasm through social media posts and memes.

A short squeeze and options trading amplified gains

As the stock price rose, short sellers were forced to buy shares to cover their positions, which pushed the price even higher. At the same time, aggressive options buying triggered a gamma squeeze, requiring market makers to buy additional shares to hedge their exposure. These feedback loops sent the stock soaring despite weak fundamentals.

During the COVID-19 pandemic, stimulus checks, low interest rates, and stay-at-home orders brought a surge of new retail traders into the market. Easy-to-use trading apps lowered barriers to entry, fueling speculative trading and rapid price swings.


The rally also gained momentum from hopes that activist investor Ryan Cohen could help reinvent GameStop into a more e-commercefocused business. While those plans were still uncertain at the time, the story helped sustain enthusiasm during the peak of the rally.


Read More ...


Consumer News: Gold prices surge to yet another record high
Mon, 12 Jan 2026 14:07:06 +0000

A federal probe of Fed Chairman Jerome Powell blindsided investors

By Mark Huffman of ConsumerAffairs
January 12, 2026
  • Gold surged to a new all-time high, breaking its previous record as investors poured money into the traditional safe haven.

  • Economic uncertainty, geopolitical tension, and expectations of lower interest rates combined to fuel the rally.

  • Central bank buying and a weaker U.S. dollar added further momentum to golds climb.


Gold prices are starting the week by hitting a new record high, underscoring the metals enduring role as a refuge during periods of uncertainty and financial stress. The latest source of stress is news that the U.S. Justice Department has opened a criminal probe of Federal Reserve Chairman Jerome Powell.

In a statement, Powell said the investigation is an attempt to influence Fed policy.

The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President, Powell said.

News of the investigation sent the price of gold to more than $4,600 an ounce, adding to 2025s significant gains.

Other factors

Another driver behind golds surge is growing uncertainty about the global economy. Slower growth in major economies, persistent inflation concerns, and signs of strain in commercial real estate and sovereign debt markets have made investors more cautious. In times like these, gold often benefits as a store of value that is not tied to the performance of any single government or financial system.

Expectations around interest rates have also played a crucial role. Markets increasingly believe that major central banks, particularly the U.S. Federal Reserve, are nearing the end of their tightening cycles and may begin cutting rates later this year. Lower interest rates reduce the opportunity cost of holding gold, which does not pay interest, making it more attractive relative to bonds and cash.

Geopolitical tensions have added another layer of support. Ongoing conflicts, trade disputes, and political instability in several regions have heightened demand for assets perceived as safe during crises. Gold has historically benefited from such periods of uncertainty, and the current environment is no exception.

Supply and demand

Central bank activity has further reinforced the rally. Many countries, especially emerging markets, have been increasing their gold reserves as a way to diversify away from the U.S. dollar and reduce exposure to geopolitical risks. This sustained institutional demand has tightened supply and helped push prices higher.

Finally, currency movements have worked in golds favor. A softer U.S. dollar makes gold cheaper for buyers using other currencies, boosting global demand. Combined with steady investment inflows through exchange-traded funds and physical purchases, these factors have propelled gold to uncharted territory.

Whether gold can maintain these record levels may depend on how economic data, interest rate policy, and global events unfold. For now, its rise reflects a world grappling with uncertaintyand investors continued faith in gold as a timeless financial shelter.


Read More ...


Consumer News: Walmart brings AI shopping to Google’s Gemini in new retail partnership
Mon, 12 Jan 2026 14:07:06 +0000

Consumers will be able to buy Walmart and Sams Club products directly inside Gemini

By Mark Huffman of ConsumerAffairs
January 12, 2026
  • Walmart and Google are teaming up to bring shopping directly into Googles Gemini AI, combining Geminis intelligence with Walmart and Sams Clubs vast assortment, value and convenience.

  • The new experience uses the Universal Commerce Protocol to surface relevant Walmart and Sams Club products inside Gemini conversations, with personalized recommendations and seamless checkout for linked accounts.

  • Fast, local fulfillment is central to the plan, with delivery available in as little as 30 minutes for hundreds of thousands of curated items.


Artificial intelligence is influencing just about every aspect of life, including shopping. For example, Walmart and Google have just announced plans to launch a new AI-powered shopping experience that aims to change how consumers discover and buy everyday products.

The collaboration will embed Walmarts retail ecosystem directly into Googles Gemini app, allowing shoppers to move from inspiration to purchase without leaving the AI assistant.At the core of the initiative is what the companies describe as a shift toward agent-led commerce.

When users ask Gemini for help such as advice on camping gear for spring the AI will automatically surface relevant Walmart and Sams Club products, both online and in-store. Because Gemini supports ongoing, conversational interactions, shoppers can refine their needs and see additional product recommendations throughout the exchange.

A personalized experience

Personalization is a major focus of the new experience. Customers who link their Walmart or Sams Club accounts will receive recommendations based on previous online and in-store purchases. Gemini will also be able to suggest complementary items, merge new finds with existing carts, and apply benefits tied to Walmart+ and Sams Club memberships all within the familiar Walmart environments shoppers already use.

Speed and convenience are another pillar of the partnership. Walmart said customers and members will be able to choose when and where items are delivered, with hundreds of thousands of locally curated products available for delivery in under three hours, and in some cases as fast as 30 minutes.

The transition from traditional web or app search to agent-led commerce represents the next great evolution in retail, said John Furner, president and CEO of Walmart U.S. We arent just watching the shift, we are driving it. Partnering with Google to bring the Walmart experience directly into Gemini is another step toward creating seamless shopping experiences that are more intuitive and personal than ever before.

Google CEO Sundar Pichai said the partnership highlights how artificial intelligence can streamline the entire consumer journey.

AI can improve every step of the consumer journey, from discovery to delivery, Pichai said. Walmart is an innovator in retail and we are excited to partner with them on a new open standard to make agentic commerce a reality. Customers will soon be able to experience everything they love about Walmart directly in the Gemini app.

The new Gemini-based Walmart experience is expected to launch first in the United States, with international markets to follow.


Read More ...


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