UBS CEO Sergio Ermotti gestures during the annual general meeting of Swiss banking giant UBS in Basel, on April 15, 2026. (Photo by Fabrice COFFRINI / AFP via Getty Images)

A crane loads cargo onto a ship at a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A crane loads cargo onto a ship at a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Trucks loaded with containers drive through a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Workers load cargo onto a ship at a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A worker loads cargo onto a ship at a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A truck loaded with a container drives through a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

German Economy and Energy Minister Katherina Reiche arrives to attend a weekly meeting of the German cabinet at the chancellery in Berlin on April 15, 2026. (Photo by Tobias SCHWARZ / AFP via Getty Images)