President Donald Trump is poised to issue an executive order as early as Wednesday that would effectively prohibit US companies from using any telecoms equipment manufactured by China's Huawei.

One person familiar with the situation said Trump planned to issue the order on Wednesday afternoon, just days after the US and China failed to reach a deal to end the trade war between the countries.

China hawks in the Trump administration have been pushing the president for months to sign the executive order, as the US security and intelligence establishment sounds the alarm about the Chinese company.

Trump previously resisted,