Brazilian President Luiz Inacio Lula da Silva (L) and German Chancellor Friedrich Merz address a joint press conference after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

People work on the floor at the New York Stock Exchange in New York, Monday, April 13, 2026. (AP Photo/Seth Wenig)

Brazilian President Luiz Inacio Lula da Silva smiles during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

Brazilian President Luiz Inacio Lula da Silva smiles during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

Brazilian President Luiz Inacio Lula da Silva gestures during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

Brazilian President Luiz Inacio Lula da Silva gestures during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

Brazilian President Luiz Inacio Lula da Silva gestures during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

Brazilian President Luiz Inacio Lula da Silva gestures during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)