Dr. Huiyao Wang (L), Founder & President of Center for China and Globalization, speaks during the 2026 Semafor World Economy conference in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Dr. Huiyao Wang, Founder & President of Center for China and Globalization, speaks during the 2026 Semafor World Economy conference in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Scott Wu (C), CEO of Cognition, speaks as Brandon Reeves (L), Partner of Lux Capital, looks on during the 2026 Semafor World Economy conference in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

WASHINGTON, DC - APRIL 15: Ketan Karkhanis (Chief Executive Officer - ThoughtSpot) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Ketan Karkhanis (Chief Executive Officer - ThoughtSpot) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: (L-R) Shelby Talcott (White House Correspondent - Semafor) and Todd Blanche (Acting United States Attorney General - U.S. Department of Justice) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: (L-R) Ivan Poupyrev (Co-Founder & CEO - Archetype AI), Andrew Kahn (CEO & Co-Founder - Partners for Growth) and Jessica Toonkel (Deputy Media Editor - The Wall Street Journal) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Andrew Kahn (CEO & Co-Founder - Partners for Growth) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)