This week President Trump appeared to make a major concession in his trade negotiations with China by significantly softening his stance on Huawei. Trump said the US shouldn’t ban “Technology” and urged US tech companies to compete or get left behind. This comes after weeks of the government labelling the firm as a risk to western countries and attempted to influence other nations to drop the company from future 5G networks. Trumps words strike a different tone to his administration however, who this week threatened to stop intelligence sharing with any country willing to work with the firm.
Elsewhere, Labour is in complete disarray after nine MP’s quit this week with the latest member Ian Austin blaming Corbyn for “creating a culture of extremism and intolerance”. Almost all have joined a newly created Independent Group which now stands as the fourth biggest bloc in parliament. Unrest has also spilled over to the Tories. In addition to Theresa May attempting to run down the clock to push through her deal, she now has to contend with further rebellion if it fails to get through the commons. Expect further turbulence over the coming weeks.
Read what the team at FE consider to be significant over the current week.