Inboxes List

Create an inbox to save and track emails. It's free!

+New inbox
Back
Back
Back 
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "//www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html lang="en" style="width: 100%;" xmlns="//www.w3.org/1999/xhtml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word">
 <head>
  <meta content="text/html; charset=utf-8" http-equiv="Content-Type"/>
  <meta content="IE=edge" http-equiv="X-UA-Compatible"/>
  <meta content="width=device-width, initial-scale=1" name="viewport"/>
  <meta name="x-apple-disable-message-reformatting"/>
  <title>
   About those tariff refunds
  </title>
  <style type="text/css">
   table.table100 { background-color: rgba(254, 254, 254, 1); max-width: 600px }
table.table100>tr>td, table.table100>tbody>tr>td { font-family: Arial, Helvetica, sans-serif; font-size: 12px; color: rgba(0, 0, 0, 1) }
table.table100 h1 { font-family: Arial; font-size: 24px; color: rgba(0, 0, 0, 1) }
table.table100 h2 { font-family: Arial; font-size: 20px; color: rgba(0, 0, 0, 1) }
table.table100 h3 { font-family: Arial; color: rgba(0, 0, 0, 1); font-size: 18px }
.editor-email-button { font-family: Arial; font-size: 12px; background-color: rgba(16, 92, 142, 1); border-radius: 6px; color: rgba(76, 132, 170, 1); width: 100%; height: 64px; padding: 25px }
.dlv-content-wrapper { background-color: rgba(254, 254, 254, 1) }
table.table100 a { color: rgba(76, 132, 170, 1) }
table.email-cell-group {
	border-collapse: collapse;
	width: 100%;
	table-layout: fixed;
}

table.socialButton td {
	vertical-align: middle !important;
}

table.table100 {
	margin: 0px auto;
}

img.img100 {
	vertical-align: middle;
}

table.dragndrop {
	table-layout: fixed;
}

table.dragndrop td {
	vertical-align: top;
}

a img {
	border: 0;
}

@media screen {
	img.img100 {
		max-width: 100% !important;
		height: auto !important;
		width: auto;
	}
}

@media screen and (max-width: 600px) {
	table.table100 {
		width: 100% !important;
	}
	
	body {
		margin: 0 !important;
		min-width: 100% !important;
	}
	
	body#MessageViewBody {
		margin: 0px auto !important;
	}
	body > div {
		margin: 0 !important;
	}
	
	u + * table.table100 {
		min-width: 100vw !important;
	}
	
	div > u ~ div table.table100 {
        min-width: 0px !important;
    }
}
.desktophide {
	display: none;
	mso-hide: all;
}

@media screen and (max-width: 450px) {
	ol, ul {
		margin-top: 0px !important;
		margin-bottom: 0px !important;
		padding-top: 16px !important;
		padding-bottom: 16px !important;
	}

	td.td100, table.email-cell-group.responsive > tbody > tr > td {
		display: block !important;
		width: 100% !important;
		box-sizing: border-box !important;
	}
	table.email-cell-group.desktophide {
		display: table !important;
	}
	td.td100.mobilehide, table.email-cell-group.responsive > tbody > tr > td.mobilehide, table.email-cell-group > tbody > tr > td.mobilehide {
		display: none !important;
	}
	table.dragndrop.responsive > colgroup, table.email-cell-group.responsive > colgroup, table.email-cell-group.responsive > colgroup > col {
		display: none !important;
	}

	img.img100 {		
		width: 100% !important;
		object-fit: contain !important;
	}
}
/* baseline */
@media screen {
	img.imgMap100 {
		display: none !important;
	}
	img.baselineMap {
		display: block !important;
	}
}

@media screen and (max-width: 450px) {
	img.baselineMap {
		display: none !important;
		width: 0 !important;
		max-height: 0 !important;
	}
}
  </style>
  <!--[if gte mso 9]><xml><o:OfficeDocumentSettings><o:AllowPNG/><o:PixelsPerInch>96</o:PixelsPerInch></o:OfficeDocumentSettings></xml><![endif]-->
 </head>
 <body>
  <div id="PreHeader" style="display: none !important; mso-hide:all;">
   How Costco could get its money back
  </div>
  <img alt="" height="1" src="https://inboxflows.com/_/image/https%253A%252F%252Fwww.ne16.com%252Fdo%252F9971578%252F226459624%252F1009503%252F1.gif%253Fx%253Ddd648bf8/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ3d3cubmUxNi5jbyIsInRpbWUiOjE3NjU0NzI5MTUuODk2MDQxfQ:1vTk9b:_mQXutbVStWFrjhXHFonbtR62uK24peT7sp5xr-S4wE" width="1"/>
  <table align="center" bgcolor="#FFFFFF" border="0" cellpadding="0" cellspacing="0" style="font-family: Verdana; color: #444444; text-align:center;" width="100%">
   <tr>
    <td align="center" style="text-align:center;font-size:xx-small">
     <a aria-label="Email tracking pixel">
      <img alt="" src="https://inboxflows.com/_/image/http%253A%252F%252Feditor.ne16.com%252Fspacer.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cCUzQSUyRiUyRmVkaXRvci5uZTE2LiIsInRpbWUiOjE3NjU0NzI5MTUuODk2NTkxNH0:1vTk9b:jxqE2OkDk3d_F73f7QJdS97sfE7zO6FEzSbfFCsl7mY" style="mso-hide:all;display:none;width:0px;height:0px;border:0;"/>
     </a>
     <br/>
     <a style="font-size: xx-small; color:#336699" target="_blank">
      View as a Web page
     </a>
     <br/>
     <br/>
    </td>
   </tr>
  </table>
  <table cellpadding="0" cellspacing="0" class="dlv-content-wrapper" style="background-color:#FEFEFE;" width="100%">
   <tbody>
    <tr>
     <td align="center">
      <table align="center" bgcolor="#fefefe" border="0" bordercolor="#FFFFFF" cellpadding="0" cellspacing="0" class="table100" style="background-color:#FEFEFE;max-width:600px;margin:0px auto" width="600">
       <tr>
        <td style="font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
         <table border="0" cellpadding="0" cellspacing="0" class="dragndrop" height="100%" style="table-layout:fixed;" width="100%">
          <tbody>
           <tr>
            <td class="td100" colspan="6" style="width:100%;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#000000">
             <img class="img100" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Feditor.ne16.com%252Fquartz-prod%252F092525-qz-washington.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlZGl0b3IubmUxNiIsInRpbWUiOjE3NjU0NzI5MTUuODk2NzE2NH0:1vTk9b:OXjomrpUkxdunKdaUpRn19Sv6n43G466aLX_61i1UGE" style="width:600px;max-height:167px;vertical-align:middle;" width="600"/>
            </td>
           </tr>
           <tr style="padding-top:10px;padding-bottom:10px">
            <td class="td100" colspan="6" style="width:100%;line-height:1.5;padding:10px;vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#000000;mso-line-height-rule:exactly">
             <div>
              <span style="font-family:Arial,Helvetica,sans-serif">
               Thursday, December 11, 2025
              </span>
             </div>
            </td>
           </tr>
           <tr>
            <td align="center" class="td100" colspan="6" style="width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
             <div class="ruleContent">
              <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:0 #9B9B9B;height:2px;width:80%;text-align:center;background-color:#0F172A;color:#9B9B9B;margin:0 auto;border-left-width:0;border-right-width:0">
               <tr>
                <td style="font-size:2px;mso-line-height-rule:exactly;line-height:2px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#000000">
                </td>
               </tr>
              </table>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#000000">
             <img src="https://inboxflows.com/_/image/http%253A%252F%252Feditor.ne16.com%252Fspacer.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cCUzQSUyRiUyRmVkaXRvci5uZTE2LiIsInRpbWUiOjE3NjU0NzI5MTUuODk2ODE4NH0:1vTk9b:9fjW-HUQ1Kz0FU9A1Ue-jOAuDlr3u-WOtPeZwlAhPz8" style="mso-hide:all;display: none;width:0px;height:0px;border:0;"/>
            </td>
           </tr>
           <tr style="padding-top:20px;padding-bottom:20px">
            <td class="td100" colspan="6" style="padding:20px;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:1.4;width:100%;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
             <div>
              The Supreme Court is deciding the fate of President Donald Trump’s global tariffs — and major companies like Costco are getting in line for
              <a data-linktext="a possible refund" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               a possible refund
              </a>
              . About $88 billion worth of import taxes collected through the end of October are at stake,
              <a data-linktext="per Customs and Border Protection data" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               per Customs and Border Protection data
              </a>
              .
             </div>
             <div>
              <br/>
             </div>
             <div>
              What happens next is still up in the air.
The U.S. government, though, has been obligated to pay back private firms before.
             </div>
             <div>
              <br/>
             </div>
             <div>
              One specific example from the late 1990s has caught the attention of trade analysts and major law firms as a blueprint for how a refund process could be structured.
             </div>
             <div>
              <br/>
             </div>
             <div>
              “There's precedent for it and the data, the systems are in place for it to actually happen pretty smoothly if it was an administration that wanted to do so,” Jacob Jensen, a trade policy analyst at the right-leaning American Action Forum, told Quartz 
Washington.
             </div>
             <div>
              <br/>
             </div>
             <div>
              In 1998, the high court struck down a harbor maintenance tax first placed on exports transported by ship during the Reagan administration. The Supreme Court ruling at the time
              <a data-linktext="handed a victory" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               handed a victory
              </a>
              to companies like Chevron, which filed a lawsuit challenging the levy as a violation of the constitutional ban 
on export taxes. It set the stage for a $750 million refund affecting thousands of companies, and cash flowed beyond those directly involved in the case.
             </div>
             <div>
              <br/>
             </div>
             <div>
              James Min II and Chelsea N. Ellis, a pair of trade lawyers for LMD Trade Law,
              <a data-linktext="observed" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               observed
              </a>
              that an immediate refund was ordered. A process was 
established in which exporters were allowed to file a claim with CBP’s predecessor agency to demonstrate they paid duties on imports in the preceding five years.
             </div>
             <div>
              <br/>
             </div>
             <div>
              Companies hoping for a speedy affair, though, were left disappointed. It took almost two years for the federal government to send out the refunds. Then another Supreme Court decision in 2000
              <a data-linktext="ultimately broadened" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               ultimately broadened
              </a>
              the refund window to all duties paid since the law’s inception in 1987.
             </div>
            </td>
           </tr>
           <tr>
            <td class="snippet td100" colspan="6" style="width:100%;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
             <table border="0" cellpadding="0" cellspacing="0" class="dragndrop" height="100%" style="table-layout:fixed;" width="100%">
              <tbody>
               <tr>
                <td class="td100" colspan="6" height="24" style="width:100%;background-color:#EFF5F8;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#000000">
                 <img src="https://inboxflows.com/_/image/http%253A%252F%252Feditor.ne16.com%252Fspacer.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cCUzQSUyRiUyRmVkaXRvci5uZTE2LiIsInRpbWUiOjE3NjU0NzI5MTUuODk2OTI1N30:1vTk9b:CRNoceguk5UVmfMR6JEgvB1dmkhSA5FupOpjbdNW2OI" style="mso-hide:all;display: 
none;width:0px;height:0px;border:0;"/>
                </td>
               </tr>
               <tr style="padding-top:5px;padding-bottom:5px">
                <td class="td100" colspan="6" style="padding:5px 20px;width:100%;vertical-align:middle;text-align:center;background-color:#EFF5F8;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
                 <div>
                  SPONSORED
                 </div>
                </td>
               </tr>
               <tr>
                <td class="td100" colspan="6" style="width:100%;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#000000">
                 <a aria-label="Linked image" style="color:#4C84AA;" target="_blank">
                  <img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Feditor.ne16.com%252Fquartz-prod%252F111925-1440.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlZGl0b3IubmUxNiIsInRpbWUiOjE3NjU0NzI5MTUuODk3MDI1fQ:1vTk9b:YYmv2KehmuasZ_fzlH_kJoGNi6AZ-qE2uKa5pLtKx_k" style="width:600px;max-height:600px;vertical-align:middle;border:0;" width="600"/>
                 </a>
                </td>
               </tr>
               <tr style="padding-top:10px;padding-bottom:10px">
                <td class="td100" colspan="6" style="padding:10px 
20px;font-family:Arial,Helvetica,sans-serif;color:#168DD9;line-height:1.5;width:100%;background-color:#EFF5F8;vertical-align:top;font-size:12px;mso-line-height-rule:exactly">
                 <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;color:#000;">
                  <span style="font-size:24px;color:#000000">
                   News. Without motives. That's 1440
                  </span>
                 </h2>
                </td>
               </tr>
               <tr style="padding-top:10px;padding-bottom:10px">
                <td class="td100" colspan="6" style="padding:10px 
20px;line-height:1.5;width:100%;background-color:#EFF5F8;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000;mso-line-height-rule:exactly">
                 <div>
                  <span style="font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
                   Be the smartest person in the room by reading 1440, where 4.5 million Americans find their daily, fact-based news fix.
                  </span>
                 </div>
                 <div>
                  <br/>
                 </div>
                 <div>
                  <span style="font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
                   They navigate through 100+ sources to deliver a comprehensive roundup from every corner of the internet: politics, global events, business, and culture, all in a quick, 5-minute newsletter.
                  </span>
                 </div>
                 <div>
                  <br/>
                 </div>
                 <div>
                  <span style="font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
                   It's completely free and devoid of bias or political influence, ensuring you get the facts straight.
                  </span>
                  <a data-linktext="Subscribe to 1440 today" data-linktype="Normal" style="color:#168DD9;text-decoration:none;font-size:16px;font-family:Arial,Helvetica,sans-serif;background-color:rgba(0,0,0,0);" target="_blank">
                   Subscribe to 1440 today
                  </a>
                  <span style="color:#000000;font-size:16px;font-family:Arial,Helvetica,sans-serif;background-color:rgba(0,0,0,0)">
                   .
                  </span>
                 </div>
                </td>
               </tr>
               <tr>
                <td class="td100" colspan="6" style="width:100%;background-color:#EFF5F8;vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
                 <table border="0" cellpadding="0" cellspacing="0" style="margin: 0px auto;" width="80%">
                  <tbody>
                   <tr>
                    <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
                     <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
                      <tbody>
                       <tr>
                        <td height="40" style="vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000" valign="middle">
                         <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none;
font-family: Arial; font-size: 18px; font-weight: bold; border: 1px solid #105C8E; display: block; " target="_blank">
                         </a>
                         <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; padding-right:25px;mso-padding-right-alt: 25px;padding-left:25px;mso-padding-left-alt: 25px;padding-top:25px;mso-padding-top-alt: 25px;padding-bottom:25px;mso-padding-bottom-alt: 25px; " width="100%">
                          <tbody>
                           <tr>
                            <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000" valign="middle">
                             <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
                              <tbody>
                               <tr>
                                <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
                                 <!--[if !mso]><!-->
                                 <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">
                                  Subscribe for Free
                                 </a>
                                 <!--<![endif]-->
                                 <!--[if mso]><a href="https://www.ne16.com/t/9971578/226459624/8597312/3/1009503/?x=4bb2c9ca" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 18px; 
font-weight: bold; border: none; display: block; ">Subscribe for Free</a><![endif]-->
                                </td>
                               </tr>
                              </tbody>
                             </table>
                            </td>
                           </tr>
                          </tbody>
                         </table>
                        </td>
                       </tr>
                      </tbody>
                     </table>
                    </td>
                   </tr>
                  </tbody>
                 </table>
                </td>
               </tr>
               <tr>
                <td class="td100" colspan="6" height="24" style="background-color:#EFF5F8;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#000000">
                 <img src="https://inboxflows.com/_/image/http%253A%252F%252Feditor.ne16.com%252Fspacer.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cCUzQSUyRiUyRmVkaXRvci5uZTE2LiIsInRpbWUiOjE3NjU0NzI5MTUuODk3MTIwNX0:1vTk9b:CywWp0ITTM4w75W3Srz2GkgD4t0RYWYwyVfkMLQ3YbM" style="mso-hide:all;display: none;width:0px;height:0px;border:0;"/>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr style="padding-top:20px;padding-bottom:20px">
            <td class="td100" colspan="6" style="padding:20px;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:1.4;width:100%;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
             <div>
              Trade experts say that companies subject to Trump’s tariffs are nearing a critical window known as “liquidation,” the 10-month threshold when CBP’s assessment of rates and duty amounts paid becomes final. The first of the tariff barrage hit China in early February, a precursor to April’s more sweeping 
“Liberation Day” tariffs.
             </div>
             <div>
              <br/>
             </div>
             <div>
              Once the liquidation period is up, businesses have six months to challenge the CBP’s calculation if they disagree. At that point, they have to jump through more bureaucratic hoops to get their money back.
             </div>
             <div>
              <br/>
             </div>
             <div>
              For a well-known warehouse club giant like Costco, it appears the risk of staying on the sidelines was too high. And more firms may follow its lead to preserve a legal right to a refund in the coming weeks. Already, Revlon, EssilorLuxottica — maker of the Ray-Ban 
sunglasses — Kawasaki Motors and BumbleBee Foods are among the companies challenging the administration in court.
             </div>
             <div>
              <br/>
             </div>
             <div>
              “I think it tells you that the business community really thinks that the administration is either going to be unwilling or unable to administer the refund process in an orderly fashion,” said Tim Meyer, an international business law and trade professor at Duke University. “They really expect that getting money from the administration through that administrative process is not going to be a pleasant 
experience.”
             </div>
             <div>
              <br/>
             </div>
             <div>
              In Costco’s case, the refund could be substantial. About a third of its sales stem from imported products, the company
              <a data-linktext="said in a May earnings call" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               said in a May earnings call
              </a>
              .
             </div>
             <div>
              <br/>
             </div>
             <div>
              Peter Harrell, a trade expert at Georgetown Law’s Institute of International Economic Law,
              <a data-linktext="estimated Costco" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               estimated Costco
              </a>
              could be in line for a $1 billion payout from the federal government.
             </div>
             <div>
              <br/>
             </div>
             <div>
              The tariff case has lingered in Trump's mind. On Monday morning,
              <a data-linktext="he blasted out" data-linktype="Normal" style="color:#4C84AA;" target="_blank">
               he blasted 
out
              </a>
              a social media post praising tariffs as his favorite tool to level the playing field of global commerce.
             </div>
             <div>
              <br/>
             </div>
             <div>
              “We have a big decision,” Trump said at a White House event later that afternoon. “Hopefully we're going to get the right decision.” He ended the day by threatening a 5% tariff on Mexico and claimed they were violating a water treaty.
             </div>
             <div>
              <br/>
             </div>
             <div>
              —Joseph Zeballos-Roig
             </div>
             <div>
              <br/>
             </div>
             <div>
              <em>
               Joseph Zeballos-Roig is Quartz’s Washington Correspondent. Email him at jzeballos-roig@qz.com and 
follow him on X at @josephzeballos.
              </em>
             </div>
            </td>
           </tr>
           <tr style="padding-top:20px;padding-bottom:20px">
            <td class="td100" colspan="6" style="padding:20px;background-color:#EFF5F8;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:1.4;width:100%;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
             <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;color:#000;">
              <span style="color:#000000;font-family:Arial;font-size:20px">
               Stat of the week
              </span>
             </h2>
             <p style="line-height: 1.38">
              <strong style="font-size:20px;background-color:rgba(0,0,0,0)">
               3.50%-3.75%
              </strong>
             </p>
             <div>
              <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
               The Federal Reserve on Wednesday
              </span>
              <a data-linktype="Normal" style="color:var(=-blue-cta-default);font-size:12pt;font-family:Arial,sans-serif;background-color:rgba(0,0,0,0);" target="_blank">
               slashed interest rates
              </a>
              <span style="color:#000000;font-size:12pt;font-family:Arial,sans-serif;background-color:rgba(0,0,0,0)">
               by a quarter-point for the third meeting in a row. The final vote was unusually fractured with three of the rate-setting committee’s 12 members dissenting. The Fed is forecasting one more rate cut in 2026.
              </span>
             </div>
            </td>
           </tr>
           <tr style="padding-top:20px;padding-bottom:20px">
            <td class="td100" colspan="6" style="padding:20px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
             <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;color:#000;">
              Recommended Reading
             </h2>
            </td>
           </tr>
           <tr>
            <td class="snippet td100" colspan="6" style="width:100%;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
             <table border="0" cellpadding="0" cellspacing="0" class="dragndrop" height="100%" style="table-layout:fixed;" width="100%">
              <tbody>
               <tr style="padding-top:20px;padding-bottom:20px">
                <td class="td100" colspan="6" style="font-family:Arial,Helvetica,sans-serif;line-height:1.3;width:100%;background-color:#E9F2F9;font-size:16px;padding:20px;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
                 <h2 style="mso-line-height-rule:exactly;Margin:0;line-height:1.5;font-family:Arial;font-size:20px;color:#000;">
                  <strong style="font-size: 20px; font-family: Georgia, serif">
                   Tired of boring business news?
                  </strong>
                 </h2>
                 <div style="line-height: 1.5">
                  <br/>
                 </div>
                 <div style="line-height: 1.5">
                  The Hustle is your answer. We deliver snappy, 
unconventional business news for people who hate business news, plus free guides on making money with AI, starting side hustles, and more.
                  <a data-linktext="Join 1.5M entrepreneurs" data-linktype="Normal" style="color:var(=-blue-cta-default);" target="_blank">
                   Join 1.5M entrepreneurs
                  </a>
                  and aspiring founders who read us every day.
                 </div>
                 <div style="line-height: 1.5">
                  <br/>
                 </div>
                 <div style="line-height: 
1.5">
                  <strong style="color:#105C8E">
                   <a data-linktext="Subscribe for free." data-linktype="Normal" style="color:#105C8E;text-decoration:none;" target="_blank">
                    Subscribe for free.
                   </a>
                  </strong>
                 </div>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr style="padding-top:10px;padding-bottom:10px">
            <td class="td100" colspan="6" style="text-align:center;vertical-align:middle;padding-top:10px;padding-bottom:10px;width:100%;font-size:1px;font-family:Arial,Helvetica,sans-serif;color:#000000">
             <a aria-label="Linked image" style="color:#4C84AA;" target="_blank">
              <img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Feditor.ne16.com%252Fquartz-washington%252FQuartz.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlZGl0b3IubmUxNiIsInRpbWUiOjE3NjU0NzI5MTUuODk3MjE5N30:1vTk9b:xNWMIMs3V0azVhzV05SJjsBYncJ8zSrWL-nNSAWIEJM" style="width:160px;max-height:26px;vertical-align:middle;border:0;" width="160"/>
             </a>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
             <div class="editor-email-codeblock" style="margin: 11px; font-size: 14px; display: flex; flex-direction: column; justify-content: center">
              <style>
               @media only screen and (max-width: 640px) { #pad-mobile { display: block !important } #pad-desktop { display: none !important } }
              </style>
              <table style="width: 100%; border-collapse: collapse">
               <tbody style="padding:0;margin:0;touch-action:auto">
                <tr style="padding:0;margin:0">
                 <td align="center" style="padding:0;margin:0;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000">
                  <a id="pad-desktop" style="display:block;color:#4C84AA;">
                   <img src="https://inboxflows.com/_/image/https%253A%252F%252Fpa-cdn1.pvd.to%252Fs%252Fek7luf%253Femail%253D947418d3%2540uifeed.com%2526device%253Ddesktop%2526v%253D0.14%2526color_scheme%253Dlight/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZwYS1jZG4xLnB2ZCIsInRpbWUiOjE3NjU0NzI5MTUuODk3MzMzfQ:1vTk9b:rwd_-fLs3KT6badRf-pSGzU752Y-N33XcoInvihpsFo" style="width:100%;max-width:600px;border:0;" width="600"/>
                  </a>
                  <a id="pad-mobile" style="display:none;color:#4C84AA;">
                   <img src="https://inboxflows.com/_/image/https%253A%252F%252Fpa-cdn2.pvd.to%252Fs%252Fek7luf%253Femail%253D947418d3%2540uifeed.com%2526device%253Dmobile%2526v%253D0.14%2526color_scheme%253Dlight/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZwYS1jZG4yLnB2ZCIsInRpbWUiOjE3NjU0NzI5MTUuODk3NDM4M30:1vTk9b:uhX2xcMxzaVdSX6FBHHMzpXpr5J_f8qcyqrZazl76hE" style="width:100%;max-width:400px;border:0;" width="400"/>
                  </a>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </table>
     </td>
    </tr>
   </tbody>
  </table>
  <table cellpadding="0" cellspacing="0" width="100%">
   <tbody>
    <tr>
     <td align="center">
      <table align="center" bgcolor="#FFFFFF" border="0" cellpadding="0" cellspacing="0" style="font-family: Verdana, Geneva, sans-serif; color: #666666;" width="100%">
       <tr>
        <td align="center" style="text-align:center;font-size:xx-small">
         <br/>
         <span style="display: inline-block; padding-bottom: 10px; font-size: xx-small; color: #336699;">
          <a>
           Forward to a Friend
          </a>
         </span>
         |
         <span style="display: inline-block; padding-bottom: 10px;">
          <a name="Unsubscribe" style="font-size: xx-small; color: 
#336699;">
           Unsubscribe
          </a>
         </span>
         |
         <span style="display: inline-block; padding-bottom: 10px; font-size: xx-small; color: #336699;">
          <a>
           Privacy Policy
          </a>
         </span>
         <br/>
         This email was sent to:
         <strong>
          <a style="font-size: xx-small; color:#336699" target="_blank">
           947418d3@uifeed.com
          </a>
         </strong>
         <br/>
         <br/>
         This email was sent by:
         <strong>
          Quartz Media Network (US), Inc.
         </strong>
         <br/>
         848 N. Rainbow Blvd. 3017
         <br/>
         Las Vegas, NV 89107
         <br/>
         <br/>
         <br/>
         <a>
          <img border="0" src="https://inboxflows.com/_/image/http%253A%252F%252Feditor.ne16.com%252FShared%252FPoweredByDelivra_3x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cCUzQSUyRiUyRmVkaXRvci5uZTE2LiIsInRpbWUiOjE3NjU0NzI5MTUuODk3NTM5fQ:1vTk9b:UIrTKrHtsP-DnPTHVgoki9b-atUv1kyTvoBjQMGF40k" style="width:100px;border:0;" width="100"/>
         </a>
         <br/>
         <br/>
        </td>
       </tr>
      </table>
     </td>
    </tr>
   </tbody>
  </table>
 </body>
</html>