"The next few months are going to be really dangerous," says Eurasia Group president Ian Bremmer.
The Trump administration has been pushing for the move for two years.
The firm wants to catch up with the leading-edge chips made by U.S., South Korean and Taiwanese companies.
The Department of Justice claims Huawei built its business using stolen intellectual property.
The UK decided not to follow U.S. advice to kick Huawei out of its 5G infrastructure. But it still put a lot of limits on the Chinese company.
Lots of next-generation 5G wireless, and lots of artificial intelligence
Lawmakers are afraid the technologies could be used by the Chinese government for spying.
Huawei's "plan B" seems to be working. It's on track to make $100 billion this year.
Since Canada detained Huawei executive Meng Wanzhou late last year, Chinese imports of several agricultural crops have slowed or stopped altogether.
The founder of Chinese tech giant said Tuesday he expects no relief from U.S. export curbs,