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“The phosphate market remains tight, and while tariffs could disrupt trade flows, they cannot create more phosphate supply,” CEO Bruce Bodine said on a conference call with investors.

Dozens of agricultural exporters also held a conference call this week to express their fear about how the tariffs, and retaliatory levies by other countries, will affect overseas markets.

Last week, Mr Musk said on a conference call about earnings "I'll be allocating far more of my time to Tesla" and pledged to "significantly" cut back his government role.

Mr Gulden said in a conference call with reporters that Adidas exported more products to the US to mitigate the impact of tariffs before they took effect.

Following this round of talks, Ushakov held a conference call for reporters.