The order, called Securing the Information and Communications Technology and Services Supply Chain, prevents foreign involvement in the nation's carrier networks and comes after rumors that Trump would be banning Huawei this week.
The official, who was granted anonymity to discuss a sensitive issue, said on Tuesday night that the order was not meant to single out any country or company.
Chinese telecom giant Huawei is willing to sign a "no-spy" agreement with countries including Britain, the firm's chairman said on Tuesday, as the head of North Atlantic Treaty Organisation said Britain must preserve secure mobile networks.
The US, which is embroiled in an escalating trade war with China, has sounded warnings about Huawei's efforts to expand into Europe. Soon, the same might be true for USA companies. "Everything that flows from the central party is a manifestation of their philosophy", said Krebs, citing the recent Chinese cybersecurity law that effectively gives the Communist Party unlimited authority to co-opt Chinese companies for intelligence work.
Both Huawei and ZTE have also been targeted by the USA for alleged schemes to dodge American sanctions on Iran.
Prosecutors also charged its chief financial officer with wire fraud and bank fraud and alleged that the company violated sanctions against Iran.
US Supreme Court allows anti-trust suit against Apple
The ruling could lead to other lawsuits against tech companies that act as platforms for other products or services. Justice Brett Kavanaugh wrote for the majority, joining with the court's four liberal justices in the decision.
Meng remains under house arrest in Vancouver while the legal proceedings unfold.
Washington believes equipment made by Huawei, the world's largest maker of network communications gear, could be used by the Chinese regime to spy.
The Department of Commerce is ordered to name the companies or technologies to be banned under the emergency, and told to developed an enforcement regime, all of which will take at least several months.
"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".
Federal Communications Commission (FCC) 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 US is also pushing other countries not to use Huawei's equipment in 5G networks.