Who remembers President Trump's warning about Huawei years ago?

As CNBC reported in 2019, the Trump Administration added Huawei Technologies to a trade blacklist.

The Trump administration on Thursday added Huawei Technologies to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the company to do business with U.S. counterparts.

On Friday the U.S. Commerce Department said it was considering scaling back restrictions on Huawei to "prevent the interruption of existing network operations and equipment." It was not immediately clear on Sunday whether Huawei's access to mobile software would be affected.

The extent to which Huawei will be hurt by the U.S. government's blacklist is not yet known as its global supply chain assesses the impact. Chip experts have questioned Huawei's ability to continue to operate without U.S. help.

Recall that a Chinese company recently paid $2.6 million for 300 acres of farmland in Grand Forks, North Dakota.