A general view shows the exterior of the BASF chemical company facilities in the Pudong district in Shanghai on May 7, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People sit on a ferry crossing the Huangpu River next to cranes at the Shanghai Container Terminals at Zhanghuabang Wharf in Shanghai on May 7, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People look out from a ferry crossing the Huangpu River next to cranes at the Shanghai Container Terminals at Zhanghuabang Wharf in Shanghai on May 7, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

A general view shows the exterior of the BASF chemical company facilities in the Pudong district in Shanghai on May 7, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, May 7, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, May 7, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

WHITTEMORE, IOWA - MAY 06: A fading Trump support banner sits in the window of a shuttered business in the downtown of the small farming community on May 06, 2026 in Whittemore, Iowa. As the spring planting season moves into full swing, farmers are facing big spikes in fuel and fertilizers costs overs last spring due to the war with Iran. (Photo by Scott Olson/Getty Images)

Steeplejacks clean windows on a bank building in Jakarta on May 7, 2026. (Photo by BAY ISMOYO / AFP via Getty Images)