WASHINGTON, DC - APRIL 17: Sean Duffy (Secretary - U.S. Department of Transportation) 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: Sean Duffy (Secretary - U.S. Department of Transportation) 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: (L-R) Sean Duffy (Secretary - U.S. Department of Transportation) and Shelby Talcott (White House Correspondent - Semafor) speak 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: Sean Duffy (Secretary - U.S. Department of Transportation) 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: (L-R) Sean Duffy (Secretary - U.S. Department of Transportation) and Shelby Talcott (White House Correspondent - Semafor) speak 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: Howard Lutnick (Secretary of Commerce - U.S. Department of Commerce) 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: (L-R) Howard Lutnick (Secretary of Commerce - U.S. Department of Commerce) and Ben Smith (Co-Founder & Editor-in-Chief - Semafor) speak 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: (L-R) Howard Lutnick (Secretary of Commerce - U.S. Department of Commerce) and Ben Smith (Co-Founder & Editor-in-Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)