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Bailey called for trade disputes to be settled via the World Trade Organization, rather than thrashed out between the US and other countries.

During this time, a peace deal could be thrashed out, while the deployment of European troops would occur in a second stage.

He suggests that in time there could be a summit of the world's economic powers, where allies and rivals thrash out the revaluation of the dollar, perhaps at the president's Florida residence.

The government says it is “hopeful” that councils could come back to the table to thrash out a deal.

This could hardly have come at a worse time for President Cyril Ramaphosa as he thrashes out a new coalition government with the DA.