Huawei’s once reclusive and now beleaguered CEO has for the first time quantified how much the United States-led campaign against the company he founded will impact its financial results this year. The Chinese vendor is now predicting revenues to come in around $30 billion less than forecast, representing a 6.5% decline from 2018’s results of $107 billion in revenue.

Now projecting revenue of $100 billion this year, the financial toll of the U.S. export blacklisting and other actions taken against Huawei during the last month could result in a 20% slide in revenue forecasts. Earlier this year the company reported a 39% year-over-year increase in first-quarter revenue.

During a chat that was livestreamed today from Huawei’s headquarters, Ren Zhengfei said restrictive measures imposed by President Donald Trump and the U.S. Department of Commerce were more extreme and wide ranging than expected. “I think both sides will suffer,” he said. “No one will win.”

The company hasn’t quantified the near-term impact on its radio access network (RAN) equipment business, but it could face ongoing challenges if the matter isn’t resolved soon. Network operators around the world are in the early stages of deploying or trialing 5G services and Huawei is increasingly being left out of those plans due to government-imposed bans or the general air of suspicion that now hangs over the company.

Ren also confirmed that the blacklisting has lead to a 40% decline in international smartphone shipments. Prompted by actions taken by the U.S. government, Google blocked Huawei’s future access to Android updates and licenses and some of Huawei’s flagship device releases have been delayed or pulled entirely on the heels of that decision.

ZTE, a smaller Chinese-based rival of Huawei, lost about $1 billion in projected sales after it was banned from buying components from U.S. vendors for a few months last year. The ban has since been lifted, but ZTE is still recovering from the impacts of the ban and associated fines.

Huawei’s challenges are multi-dimensional and widening at a rapid pace, but the ban on purchasing U.S.-made products could be the most profound because of its far-reaching implications. Meanwhile, the company is waging a legal battle against the U.S. government over the constitutionality of the 2019 National Defense Authorization Act, which restricts Huawei from conducting business with the U.S. government, its contractors, and suppliers.

Ren and other Huawei executives maintain that the company is not a security risk and argue that actions taken by the U.S. government are politically motivated and further complicated by the trade war with China.

“Huawei’s commitment to implementing no backdoors is non-negotiable. It’s important for people to not have groundless claims and speculations like this to attack others,” Ren said during the chat earlier today. “In the future of technology advancement, there will always be some form or system vulnerability, or loopholes to be taken advantage of. You can’t possibly be 100% safe.”