Yes and No.outlaw? ... you are kidding right ... do you think Chinese govt would do nothing?
Trumps is just bluffing, nothing will happen to Huawei, too big to be stopped
Nothing will happen to Huawei for the next 100 days within which Trump told the American people last Friday that he will delivery 100,000 ventilators either by manufacturing (in the US, doubt it) or source from other means (purchase from China, probably), and after the 22 airlifts of medical supplies from China to the US (reported by NY Times this morning) are completed.
After that, all bets are off.