The Trump administration is considering issuing an executive order that would restrict some Chinese companies' ability to sell telecommunications equipment in the United States, two industry officials said, an action likely aimed at Huawei Technologies Co. Ltd and ZTE Corp.

President Donald Trump's administration has already targeted Huawei and ZTE, two of the world's major telecommunications equipment manufacturers, with a number of recent actions to restrict their businesses in the United States based on national security concerns.

The news, reported earlier by the Wall Street Journal, came as Washington dispatched a team to Beijing headed by Treasury Secretary Steve Mnuchin to hold talks over an ever-worsening economic relationship with China. The relationship has seen Trump threaten to impose tariffs on up to $150 billion of Chinese imports, a move that could trigger a trade war between the world's two largest economies.