WASHINGTON, DC - APRIL 14: (L-R) Valdis Dombrovskis (Commissioner for Economy and Productivity, Implementation and Simplification - European Commission) and Ben Smith (Co-Founder & Editor-in-Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Valdis Dombrovskis (Commissioner for Economy and Productivity, Implementation and Simplification - European Commission) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Valdis Dombrovskis (Commissioner for Economy and Productivity, Implementation and Simplification - European Commission) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Valdis Dombrovskis (Commissioner for Economy and Productivity, Implementation and Simplification - European Commission) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Valdis Dombrovskis (Commissioner for Economy and Productivity, Implementation and Simplification - European Commission) and Ben Smith (Co-Founder & Editor-in-Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Valdis Dombrovskis (Commissioner for Economy and Productivity, Implementation and Simplification - European Commission) and Ben Smith (Co-Founder & Editor-in-Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Andrew Friedman (General Manager & Head of Public Affairs - Semafor) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Andrew Friedman (General Manager & Head of Public Affairs - Semafor) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)