Not GP, but I, too find it suspicious that e.g. Cisco, I direct competitor to Huawei, gets caught with yet another new backdoor almost monthly[1], and apparently the US administration has no qualms with buying Cisco hardware or with Cisco continuing to sell unsecure hardware worldwide.
I suspect the U.S. government prefers "these guys might suck, but at least they're our guys" as a threat model when the alternative is essentially a state-owned enterprise taking orders from one of America's largest geopolitical foes.
I know Huawei isn't literally a SOE (as far we can tell, anyway) but it has long-standing ties to the PLA, and the stark reality of modern-day China is that every large corporation in the country is effectively subservient to the CCP.
If you take a look at the GP's statement, it included an alleged refusal by Huawei to install NSA backdoors. That's the part of the statement I'd like to see further qualified, because I think it deserves it.
[1] https://www.tomshardware.com/news/cisco-backdoor-hardcoded-a...