This is pretty disingenuous. You are ignoring a ton of history behind China, its authoritarian nature, and how Chinese companies are far more an extension of the PRC than US companies are of the US Government.
All companies are a threat to the national security of other countries so long as they are beholden to the government they are in. But as others have said, the severity of the threat changes drastically. You can be almost certain that Huawei, via the PRC, would compromise US 5G infrastructure given the chance. You might be reasonably more skeptical of a US company doing the same to another country.
Finally, your Wikipedia link contradicts your own post:
> [The CLOUD Act] provides mechanisms for the companies or the courts to reject or challenge these if they believe the request violates the privacy rights of the foreign country the data is stored in.
In fact, there is nothing here that would lead one to believe that the companies can be forced to hand over data on citizens from other countries. The legislation here pertains to the data of US citizens.