German Chancellor Friedrich Merz addresses guests at the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Chancellor Friedrich Merz addresses guests at the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Chancellor Friedrich Merz shakes hands with Peter Adrian (R), President of the Association of German Chambers of Industry and Commerce (DIHK) before addressing guests during a session at the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Chancellor Friedrich Merz (C), Peter Adrian (R), President of the Association of German Chambers of Industry and Commerce (DIHK) and managing director of the Association of German Chambers of Industry and Commerce (DIHK) Helena Melnikov applaud during a session at the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Chancellor Friedrich Merz addresses guests at the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Chancellor Friedrich Merz (C) and Peter Adrian (R), President of the Association of German Chambers of Industry and Commerce (DIHK) arrive for the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Chancellor Friedrich Merz (C), Peter Adrian (R), President of the Association of German Chambers of Industry and Commerce (DIHK) and managing director of the Association of German Chambers of Industry and Commerce (DIHK) Helena Melnikov pose at the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Chancellor Friedrich Merz (C), Peter Adrian (R), President of the Association of German Chambers of Industry and Commerce (DIHK) and managing director of the Association of German Chambers of Industry and Commerce (DIHK) Helena Melnikov pose at the German Chamber of Commerce and Industry in Berlin, on May 7, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)