The order targets transactions that pose "undue risk of catastrophic effects on the security or resiliency of United States critical infrastructure or the digital economy of the United States". Commerce, in conjunction with national security agencies, is expected to determine who's considered an adversary as part of regulations to be written in the next 150 days.
Reuters quoted three usa officials who said the Trump administration had worked to plan the executive order for over a year, delaying it several times and potentially delaying it again. Industrial production and investments were also weak.
"The security and resilience of the UK's telecoms networks is of paramount importance, and we have strict controls for how Huawei equipment is now deployed in the United Kingdom".
China's first worldwide tech brand has steadily expanded into new industry segments, including consumer electronics and consulting services, despite claims from the USA and other governments that Huawei poses a security risk.
The company's worldwide sales rose about 20 percent previous year to 721bn yuan ($105bn), as profits rose 25 percent to 59.3bn yuan ($8.6bn).
He said Huawei had long cooperated with Britain's National Cyber Security Centre's oversight of its technology, and it had improved its software engineering capabilities to make them the equal of competitors.
"China's main export is espionage, and the distinction between the Chinese Communist Party and Chinese "private-sector" businesses like Huawei is imaginary", Republican Senator Ben Sasse said.
"Buying from Huawei just makes it easier to spy, and hurts our allies at the same time", added Lewis.
Huawei is the world's largest maker of telecoms equipment.
Washington believes equipment made by Huawei could be used by the Chinese state to spy - an allegation the Chinese company has repeatedly denied.
Federal Communications Commission chairman Ajit Pai, who has called Huawei a threat to US security, said Wednesday that "given the threats presented by certain foreign companies' equipment and services, this is a significant step toward securing America's networks".
The statement comes after news leaked this month that Huawei equipment would be used in 5G networks in the United Kingdom, creating tension between it and the U.S. The leaks resulted in Theresa May firing her defense minister Gavin Williamson, despite Williamson denying leaking anything.
Federal Communications Commission Chairman Ajit Pai recently said he was waiting for the Commerce Department to express views on how to "define the list of companies" that would be prohibited under the FCC proposal. In December, Huawei CFO Wanzhou Meng was arrested in Canada on suspicion of violating USA sanctions concerning Iran.
Donald Trump ratcheted up his battle with China for dominance of 5G technology networks, moving to curb Huawei Technologies Co.'s access to the US market and American suppliers.
While the big wireless companies have already cut ties with Huawei, small rural carriers continue to rely on both Huawei and ZTE switches and other equipment because they tend to be cheaper.