I think the point being made was that if the US really cared about dealing with spyware, etc on this level then they would be targeting all brands of networking hardware. Foreign and domestic. Especially those with a past history of problems in this regard.
But they aren't, they are only targeting specific foreign interests, something they have a history of doing, despite being aware of vulnerabilities in other companies kit. This does sound like protectionism.
It doesn't mean that foreign networking kit doesn't contain vulnerabilities. Both things can be true.
The difference is that while all these routers are susceptible to hacking from all and sundry, TP-Link being Chinese means that they may be suborned at a nation-state level.

If they really cared, they'd pass a bill to enforce minimum security standards and long lifetimes for any networking equipment being sold. Want to sell a router? It needs x responsiveness to CVEs, transparent security publishing and a minimum of 10 years' software support. Easy. But that's not what this is really about - it's 'I don't want you to have fingers in the pie, that's for me not for thee!'.