President Trump has issued an executive order declaring a national emergency and prohibiting U.S. companies from using telecom services that are solely owned, controlled, or directed by a foreign adversary, clearing the way for a ban on the Chinese-owned Huawei.
"This Executive Order declares a national emergency with respect to the threats against information and communications technology and services in the United States and delegates authority to the Secretary of Commerce to prohibit transactions posing an unacceptable risk to the national security of the United States or the security and safety of United States persons."— Press Secretary Sarah Sanders
Why it matters: The U.S. and other governments have accused China of sabotaging Huawei equipment to use for espionage and of profiting from stolen intellectual property. As Axios has previously reported, Huawei is poised to claim close to half of the 5G market, nudging the technological center of gravity away from western telecom vendors and sounding alarms about China's ability to spy on Americans.