President Donald Trump on Wednesday declared a national emergency over threats against American technology.
The move was done through consultations with the Commerce Secretary Wilbur Ross, and other top officials, to block transactions that involve information or communications technology that pose an unacceptable risk to the national security of the United States.
According to BBC, the order did not name any company, but is believed to target Huawei.
However, Huawei in a statement that restricting its business in the US would only harm the interests of US companies and consumers.
Trump administration has also called on allies around the world not to adopt the company’s next generation 5G network technology, which American officials have warned could be used for spying by the Chinese.
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