This FCC document clearly states exactly what it's banning:
https://docs.fcc.gov/public/attachments/DOC-389524A1.pdf
https://www.fcc.gov/supplychain/coveredlist
"Telecommunications equipment produced by Huawei Technologies Company, including telecommunications or video surveillance services provided by such entity or using such equipment."
Phones are a part of telecommunications equipment.
The term “telecommunications equipment” means equipment used by a carrier to provide telecommunications services, and includes software integral to such equipment (including upgrades).
I don't think that includes phones. That is routing/switching hardware and software. I.e., infrastructure equipment, not consumer devices.
Also, in the same paragraph, you can read that they explicitly mention “video surveillance services” as telecommunications equipment, which are terminals as well.
[0] https://docs.fcc.gov/public/attachments/FCC-90-133A1.pdf