A cargo ship is moved to a berth at the container terminal at the port in Qingdao, in China's eastern Shandong province on March 23, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A cargo ship is moved to a berth at the container terminal at the port in Qingdao, in China's eastern Shandong province on March 23, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A cargo ship is moved to a berth at the container terminal at the port in Qingdao, in China's eastern Shandong province on March 23, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A cargo ship is moved to a berth at the container terminal at the port in Qingdao, in China's eastern Shandong province on March 23, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Cargo ships are seen at the container terminal at the port in Qingdao, in China's eastern Shandong province on March 23, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

This illustration picture taken with a tilt and shift lens in Turin, Northwestern Italy, shows the screen of a mobile phone displaying the logo of Italian telecom company TIM "Telecom Italia Mobile" on March 23, 2026. Italy's state-controlled postal service is launching a 10.8-billion euro takeover bid for telecom operator TIM, in which it already holds a majority stake, the companies said on March 23, 2026. (Photo by MARCO BERTORELLO / AFP via Getty Images)

This illustration picture taken with a tilt and shift lens in Turin, Northwestern Italy, shows screens displaying the logo of Italian telecom company TIM "Telecom Italia Mobile" and the logo of Poste Italiane, the Italian postal service provider. Italy's state-controlled postal service is launching a 10.8-billion euro takeover bid for telecom operator TIM, in which it already holds a majority stake, the companies said on March 23, 2026. (Photo by MARCO BERTORELLO / AFP via Getty Images)

This illustration picture taken with a tilt and shift lens in Turin, Northwestern Italy, shows the screen of a mobile phone displaying the logo of Italian telecom company TIM "Telecom Italia Mobile". Italy's state-controlled postal service is launching a 10.8-billion euro takeover bid for telecom operator TIM, in which it already holds a majority stake, the companies said on March 23, 2026. (Photo by MARCO BERTORELLO / AFP via Getty Images)