Workers inspect fabrics at Trisula Textile Industries in Cimahi, West Java on April 22, 2026 as textile producers face higher costs from surging petrochemical raw material prices linked to rising global oil prices. (Photo by Timur MATAHARI / AFP via Getty Images)

US Secretary of Treasury Scott Bessent testifies during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on "proposed budget estimates for fiscal year 2027 for the Department of the Treasury" on Capitol Hill in Washington, DC, on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

A worker compiles rolls of fabric at Trisula Textile Industries in Cimahi, West Java on April 22, 2026 as textile producers face higher costs from surging petrochemical raw material prices linked to rising global oil prices. (Photo by Timur MATAHARI / AFP via Getty Images)

US Secretary of Treasury Scott Bessent testifies during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on "proposed budget estimates for fiscal year 2027 for the Department of the Treasury" on Capitol Hill in Washington, DC, on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

WASHINGTON, DC - APRIL 22: Committee Chair Sen. Susan Collins (R-ME) speaks during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. U.S. Treasury Secretary Scott Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)