German Finance Minister and Vice Chancellor Lars Klingbeil gestures as he addresses a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil arrives to address a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil arrives to address a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

(FILES) This photograph shows the industrial site of Fibre Excellence in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Toulouse Commercial Court postponed until July 27, 2026 its review of the takeover bid for Fibre Excellence submitted by financier Matthieu Pigasse, granting the paper manufacturerwhich is in receivershipone last chance. (Photo by Thibaud MORITZ / AFP via Getty Images)

(FILES) This photograph shows a general view of the paper pulp producer Fibre Excellence group's site in Saint-Gaudens, south western France, on April 9, 2026. The Toulouse Commercial Court postponed until July 27, 2026 its review of the takeover bid for Fibre Excellence submitted by financier Matthieu Pigasse, granting the paper manufacturerwhich is in receivershipone last chance. (Photo by Ed JONES / AFP via Getty Images)

US President Donald Trump rings the opening bell of the New York Stock Exchange on July 6, 2026, from the Oval Office in celebration of the first day of trading of Trump accounts. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

US President Donald Trump rings the opening bell of the New York Stock Exchange on July 6, 2026, from the Oval Office in celebration of the first day of trading of Trump accounts. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

In this pool photograph distributed by the Russian state agency Sputnik, Russia's Prime Minister Mikhail Mishustin and Armenian Prime Minister Nikol Pashinyan tour the Innoprom 2026 international industrial exhibition in Yekaterinburg on July 6, 2026. (Photo by Dmitry ASTAKHOV / POOL / AFP via Getty Images)