People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, April 20, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

German Chancellor Friedrich Merz (C-R), his wife Charlotte Merz, German Economy and Energy Minister Katherina Reiche (3rd L) and Lower Saxony's State Premier Olaf Lies (2nd L) listen to Siemens CEO Roland Busch (R) during a tour of the Hannover Messer industrial trade fair for mechanical and electrical engineering and digital industries, in Hanover, northern Germany on April 20, 2026. The fair opens its doors to the public on April 20 and will be running until April 24, 2026. (Photo by Ronny HARTMANN / AFP via Getty Images)

German Economy and Energy Minister Katherina Reiche (R) speaks with Bayer AG CEO Bill Anderson at the Hannover industrial trade fair for mechanical and electrical engineering and digital industries, in Hannover, northern Germany on April 20, 2026. The fair opens its doors to the public on April 20 and will be running until April 24, 2026. (Photo by Ronny HARTMANN / AFP via Getty Images)

Traders load watermelons after negotiating deals at a fruit market in Peshawar on April 20, 2026. (Photo by Abdul MAJEED / AFP via Getty Images)

German Economy and Energy Minister Katherina Reiche (R) speaks with Bayer AG CEO Bill Anderson (L) at the Hannover industrial trade fair for mechanical and electrical engineering and digital industries, in Hannover, northern Germany on April 20, 2026. The fair opens its doors to the public on April 20 and will be running until April 24, 2026. (Photo by Ronny HARTMANN / AFP via Getty Images)

Heaps of fresh watermelons await buyers as brokers and traders negotiate deals at a fruit market in Peshawar on April 20, 2026. (Photo by Abdul MAJEED / AFP via Getty Images)

Chinese-made cars are seen before being loaded onto ships for export at the Dongfang Port Company terminal in Lianyungang, in China's eastern Jiangsu province on April 20, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Chinese-made cars from brands including Chery and Jetour are seen before being loaded onto ships for export at the Dongfang Port Company terminal oin Lianyungang, in China's eastern Jiangsu province on April 20, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT