Is it that:
1) the companies are letting Americans' hardware be controlled / data escape and be monitored in China, or
2) that people in China subject to their laws (un-American as those laws may be) are being monitored (and worse)?
Because if it's the first topic, how do we not manage to buy/require/put in technical safeguards against our own people being monitored, or our equipment being taken over remotely? If we can't even do that, then how is any equipment we buy safe? But if we do, then is the argument that we're helping China get stronger by contributing to their economy or technological dominance? And that's undesirable to have a power shift that decreases our standing?
Who's responsible for deciding what standing we want to have in the world? Who's guiding that steering wheel and what's the destination? I daresay it's odd for the administration to be speaking up about this one thing, when it's mute on so many other factors that set our technological dominance.
Or if the 2nd argument, how far do our laws extend? Is that a principle to be applied to all countries by us, that they should not do things to their own citizens that would be illegal here? If we want universally respected laws to apply to other countries, I would think we could do ourselves a favor by respecting other laws and organizations that we currently choose to say are not in our convenience to follow.
Or is it something else? If you want me to be patriotic, tell me what I'm signing up for.