This is part of the trade war, and the fact that the US is openly lying about the motives of the ban shows how risky the position of US customers have become: there is absolutely no recourse.
And even if the security claims were true (they are not), so what? Why I, an European customer, must be affected by security concerns of a far away country? Why is Huawei in a position to be forced to let down its customers?
Non-US companies must rethink the way they rely on an increasingly isolated and belicose US.