Huawei said in a statement on Thursday that restricting t

 company from doing business in the US will not make the US more secure or stronger.

“Instead, this will only serve to limit the US to inferior, yet more expensive alternatives, leav

ing it lagging behind in 5G deployment and eventually harming the interests of US companies and consumers.”

The company said it is ready and willing to engage with the US government to come up with effective measures to ensure product security.

In response to the ban on Huawei buying parts from US companies, the company said such a deci

sion will “do significant economic harm to the US companies with which Huawei does business, affect tens of t

housands of US jobs and disrupt the current collaboration and mutual trust that exist in the global supply chain”.

Wang Peng, deputy head of the China Center for Information Industry Development, said the new US moves will disrupt the whole global electronics in

ustry and hurt a string of US companies that supply chips and other components to Huawei.

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