I may have missed this, but have there been any specific accusations against Huawei? It is clear Chinese actors hack and steal IP, but have those been connected to Huawei, or are they just the easiest victim for the US to retaliate against?
This is just an expansion of official government policy put in place during the Obama administration to the rest of the private sector.
tl;dr: this isn't new territory for Huawei.