US Secretary of Commerce Howard Lutnick speaks during the 2026 Semafor World Economy conference in Washington, DC, on April 17, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

US Secretary of Commerce Howard Lutnick speaks during the 2026 Semafor World Economy conference in Washington, DC, on April 17, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

WASHINGTON, DC - APRIL 17: Gina Raimondo ( 40th U.S. Secretary of Commerce - U.S. Department of Commerce) speaks on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 17: Ursula Burns (Founding Partner, Integrum & Chairwoman, Teneo - Integrum) as seen on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 17: Gina Raimondo ( 40th U.S. Secretary of Commerce - U.S. Department of Commerce) speaks on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 17: Gina Raimondo ( 40th U.S. Secretary of Commerce - U.S. Department of Commerce) speaks on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 17: Ursula Burns (Founding Partner, Integrum & Chairwoman, Teneo - Integrum) as seen on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 17: Ursula Burns (Founding Partner, Integrum & Chairwoman, Teneo - Integrum) as seen on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)