The Trump administration is preparing an executive order that could significantly restrict Chinese state-owned telecom companies from operating in the U.S. over national security concerns, according to people familiar with the matter.
The order, which hasn’t yet been presented to the president, would not mention companies such as Huawei Technologies Co. or ZTE Corp. by name and would not outright ban US sales by the firms. But it would give greater authority to the Commerce Department to review products and purchases by companies connected to adversarial countries, including China, one of the people said.
Huawei is pushing to take a