President Trump’s administration unveiled new regulations to limit Huawei’s ability to purchase critical technology from foreign companies.

“The Trump Administration sees Huawei for what it is — an arm of the Chinese Communist Party’s (CCP’s) surveillance state — and we have taken action accordingly,” Secretary of State Mike Pompeo said Monday. “The United States has provided ample time for affected companies and persons — primarily Huawei customers — to identify and shift to other sources of equipment, software, and technology and wind-down their operations. Now that time is up.”