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Yahoo
12 minutes ago
- Yahoo
How Leading Companies in the Conveyor System Market are Navigating Tariff Impacts and Supply Chain Challenges
Operational agility, automation, sustainability trends, and modular solutions offer growth opportunities in the moving floor conveyor system market. Tailored solutions for diverse sectors and adapting to tariffs and material costs enhance competitiveness. Tech integration and robust service networks are key advantages. Moving Floor Conveyor System Market Dublin, July 07, 2025 (GLOBE NEWSWIRE) -- The "Moving Floor Conveyor System Market by Conveyor System Type, Load Capacity, Material Type Handled, Installation Type, Drive Mechanism, End User, Distribution Channel - Global Forecast to 2030" report has been added to offering. The moving floor conveyor system market is navigating a dynamic period of transformation, driven by the need for operational agility and advanced material-handling solutions among major global industries. Market Snapshot: Moving Floor Conveyor System Market The Moving Floor Conveyor System Market grew from USD 1.25 billion in 2024 to USD 1.32 billion in 2025. It is expected to continue growing at a CAGR of 5.82%, reaching USD 1.76 billion by 2030. Scope & Segmentation Conveyor System Types: Belt, chain, pallet, slat, and roller conveyors, supporting a range of load profiles and operational needs. Load Capacities: Segmented into heavy-duty, medium-duty, and light-duty, addressing various throughput and payload applications. Material Types Handled: Includes bulk solids (agricultural products, biomass, waste), loose materials (food processing waste, sand, scrap metal), and packaged goods (crates, containers, palletized items). Installation Types: Mobile systems for flexible yard operations; stationary systems for integrated production workflows. Drive Mechanisms: Options include electric, hydraulic, and pneumatic technologies for diverse performance and maintenance priorities. End Users: Sectors such as agriculture and forestry, automotive, construction, food and beverage, logistics and warehousing, mining and minerals, pharmaceuticals, and waste management and recycling. Distribution Channels: Offline (direct sales, distributors, dealers) and online procurement platforms. Regional Coverage: Americas (United States, Canada, Mexico, Brazil, Argentina), Europe, Middle East & Africa (including major economies and emerging growth hubs), and Asia-Pacific (China, India, Japan, Australia, and Southeast Asian markets). Leading Companies: Amber Industries Limited, ArSai Conve Systems, ATS Group, AUMUND GROUP, Bastian Solutions, BOA Recycling Systems B.V., BRT HARTNER GmbH, CALDAN Conveyor A/S by Axel Johnson International AB, CARGO FLOOR B.V., Eggersmann GmbH, Eurobox Technologies, Hyva Holding B.V., Joloda Hydraroll Limited, KEITH Manufacturing Co., LODAMASTER Group, PFLOW INDUSTRIES Inc, Saifi Con-Fab System Pvt. Ltd., SC Eurobox Technologies, Swisslog Holding AG, Takraf GmbH, Trasmec Srl, and Ya-Va Belt Conveyor. Key Takeaways for Senior Decision-Makers Automation and digital integration continue to redefine operational best practices, with advanced sensors and PLC controls supporting predictive maintenance and process optimization. Modular, plug-and-play conveyor architectures allow organizations to adapt quickly to changing material flows, minimizing installation times and facilitating iterative upgrades. Sustainability initiatives are increasingly influencing procurement, driving demand for biocomposite panels, recycled plastics, and energy-efficient designs that align with regulatory and corporate responsibility goals. Labor shortages and stricter safety regulations are intensifying the pursuit of conveyors that maximize automation and operational consistency, reducing dependence on manual intervention. Vertical market requirements, from logistics hubs to food processing and mining, dictate tailored solutions-requiring flexibility in throughput, environmental protection, and integration with robotics and analytics. Suppliers equipped with robust service networks and sophisticated software analytics are gaining competitive share, especially in high-growth sectors focused on data-driven performance improvements. Tariff Impact in 2025 Newly imposed United States tariffs on key raw materials and conveyor components are driving up costs for imported steel, aluminum, and electronic controls. Domestic manufacturing capacity is expanding, while integrators increasingly favor regional suppliers and alternative materials to counteract these pressures. Organizations are exploring procurement strategies like multi-year contracts, and design modifications that use fewer tariff-sensitive components, strengthening resilience against global trade disruptions. Why This Report Matters Supports informed strategic planning by outlining competitive drivers and technology adoption pathways in the moving floor conveyor system market. Guides capital allocation and R&D focus by mapping core segmentation trends, regulatory influences, and shifts in procurement due to external trade and supply chain factors. Enables senior stakeholders to benchmark organizational capabilities, identify optimal supplier relationships, and respond proactively to evolving market conditions. Key Attributes: Report Attribute Details No. of Pages 199 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $1.32 Billion Forecasted Market Value (USD) by 2030 $1.76 Billion Compound Annual Growth Rate 5.8% Regions Covered Global Key Topics Covered: 1. Preface2. Research Methodology3. Executive Summary3.1. Moving Floor Conveyor Systems Market: Current Landscape and Historical Evolution Impacting Industries3.2. Consumer Preferences, Competitive Dynamics, and Regulatory Influences Shaping Market Strategies3.3. Lifecycle and IP Landscape Assessment with Go-To-Market Roadmap for Strategic Positioning3.4. Future Market Outlook with Strategic Growth Options and Emerging Technology Trends4. Market Overview4.1. Introduction4.1.1. Global Market Definition, Key Growth Drivers, and Innovation Opportunities for Moving Floor Conveyor Systems4.1.2. Regional Market Dynamics, Trade Influences, and Cultural Impact on Moving Floor Conveyor Systems4.1.3. Latest Innovations, Research Breakthroughs, and Industry Collaborations Shaping Market Growth4.2. Market Sizing & Forecasting5. Market Dynamics5.1. Increased use of smart sensors for real-time monitoring and performance optimization in conveyors5.1.1. Defining the Rise of Smart Sensors in Moving Floor Conveyor Systems for Real-Time Monitoring5.1.2. Smart Sensors are Reshaping Market Dynamics and Creating New Business Opportunities5.1.3. Future Outlook of Smart Sensor Integration in Moving Floor Conveyor Systems and Strategic Considerations5.2. Development of compact and space-saving moving floor conveyor models for limited-space warehouses5.2.1. Defining the shift towards compact moving floor conveyor systems for space-limited warehouses5.2.2. How compact conveyor innovations are unlocking efficiency and new market opportunities5.2.3. Future outlook and strategic advice for embracing compact conveyor solutions in logistics5.3. Emergence of wireless control systems enabling remote management of moving floor conveyors5.3.1. Understanding Wireless Control Systems Transforming Moving Floor Conveyors5.3.2. Wireless Control Systems Unlocking New Market Opportunities and Innovation5.3.3. Future Trajectory and Strategic Considerations for Wireless Control Adoption5.4. Rising popularity of eco-friendly materials and sustainable manufacturing in conveyor system production5.4.1. Understanding the Surge in Eco-Friendly and Sustainable Practices in Conveyor Systems5.4.2. Strategic Adaptation and Competitive Shifts Driven by Sustainability in Conveyor Systems5.4.3. Future Trajectory and Strategic Imperatives for Sustainability in Conveyor Systems5.5. Advancements in automated sorting capabilities integrated with moving floor conveyor technology5.5.1. Emergence of Automated Sorting with Moving Floor Conveyors Driven by Efficiency and Demand Dynamics5.5.2. Strategic Adaptations Required to Harness Automated Sorting Advancements and Meet Rising Expectations5.5.3. Future Trajectory and Long-Term Strategic Imperatives for Automated Sorting Innovations in Moving Floor Systems5.6. Expansion of moving floor conveyor applications in the e-commerce and logistics sectors5.6.1. Defining the expansion of moving floor conveyors in e-commerce and logistics contexts5.6.2. Moving floor conveyor expansion unlocks innovation and market growth5.6.3. Future outlook and strategic considerations for moving floor conveyors5.7. Implementation of predictive maintenance using AI to minimize conveyor system downtime5.7.1. Understanding Predictive Maintenance with AI in Moving Floor Conveyor Systems5.7.2. AI-Driven Predictive Maintenance is Driving Market Innovation and Growth5.7.3. Future Outlook on AI-Enabled Predictive Maintenance for Conveyor Systems and Strategic Recommendations5.8. Growing demand for customizable and modular moving floor conveyor designs in warehousing5.8.1. Understanding the Surge in Demand for Customizable Modular Conveyor Systems5.8.2. Strategic Shifts Required for Companies to Capitalize on Modular Conveyor Design Demand5.8.3. Future Trajectory and Strategic Implications of Modular Conveyor Demand in Warehousing5.9. Adoption of energy-efficient motors and drives reducing operational costs in conveyor systems5.9.1. Understanding the shift towards energy-efficient motors in conveyor systems5.9.2. Energy-efficient motors are revolutionizing conveyor system markets and opportunities5.9.3. Projecting the future impact and strategic considerations of energy-efficient motor adoption5.10. Integration of IoT technology in moving floor conveyor systems for enhanced tracking and automation5.10.1. Unpacking the Rise of IoT in Moving Floor Conveyor Systems as a Market Catalyst5.10.2. Strategic Imperatives for Companies to Capitalize on IoT-Enabled Conveyor Systems5.10.3. Future Trajectory of IoT Integration Shaping Moving Floor Conveyor System Innovation6. Market Insights6.1. Porter's Five Forces Analysis6.1.1. Barriers to Entry Moderate the Risk of New Competitors in Conveyor Systems6.1.2. Substitution Risks Rise with Emerging Automation Alternatives6.1.3. Supplier Influence Strong Due to Unique Inputs and Supply Chain Complexity6.1.4. High Buyer Bargaining Power Drives Competitive Pricing and Customization6.1.5. Intense Rivalry Fuels Innovation and Competitive Positioning in Conveyor Systems6.2. PESTLE Analysis7. Cumulative Impact of United States Tariffs 20257.1. Key Tariffs Shaping the Moving Floor Conveyor Market from 2023 to 20257.2. From Protectionism to Strategic Trade: U.S. Tariff Policies between 2018 and 20257.3. How U.S. Tariffs Have Fueled Inflation in the Global Supply Chain7.4. Trade Retaliation and Geopolitical Shifts Amid U.S. Tariff Conflicts7.5. Economic and Political Fallout for U.S. Major Trade Partners Due to Tariff Measures7.6. Evolving Economic Structures in the U.S. Amidst Tariff-Driven Industry Changes7.7. Strategic Policy Approaches to Alleviate Tariff-Related Economic Challenges8. Moving Floor Conveyor System Market, by Conveyor System Type8.1. Introduction8.2. Belt Conveyors8.3. Chain Conveyors8.4. Pallet Conveyors8.5. Slat Conveyor8.6. Slat Conveyors9. Moving Floor Conveyor System Market, by Load Capacity9.1. Introduction9.2. Heavy Duty9.3. Light Duty9.4. Medium Duty10. Moving Floor Conveyor System Market, by Material Type Handled10.1. Introduction10.2. Bulk Solids10.2.1. Agricultural Products10.2.2. Biomass10.2.3. Waste & Recyclables10.3. Loose Material10.3.1. Food Processing Waste10.3.2. Sand & Gravel10.3.3. Scrap Metal10.4. Packaged Goods10.4.1. Crates & Containers10.4.2. Palletized Loads11. Moving Floor Conveyor System Market, by Installation Type11.1. Introduction11.2. Mobile Systems11.3. Stationary Systems12. Moving Floor Conveyor System Market, by Drive Mechanism12.1. Introduction12.2. Electric Drives12.3. Hydraulic Drives12.4. Pneumatic Drives13. Moving Floor Conveyor System Market, by End User13.1. Introduction13.2. Agriculture & Forestry13.3. Automotive13.4. Construction13.5. Food & Beverage13.6. Logistics & Warehousing13.7. Mining & Minerals13.8. Pharmaceuticals13.9. Waste Management & Recycling14. Moving Floor Conveyor System Market, by Distribution Channel14.1. Introduction14.2. Offline14.2.1. Direct Sales14.2.2. Distributors / Dealers14.3. Online15. Americas Moving Floor Conveyor System Market16. Europe, Middle East & Africa Moving Floor Conveyor System Market17. Asia-Pacific Moving Floor Conveyor System Market18. Competitive Landscape18.1. Market Share Analysis, 202418.2. FPNV Positioning Matrix, 202418.3. Competitive Analysis Amber Industries Limited ArSai Conve Systems ATS Group AUMUND Group Bastian Solutions BOA Recycling Systems BRT HARTNER GmbH CALDAN Conveyor A/S by Axel Johnson International AB Cargo Floor Eggersmann GmbH Eurobox Technologies Hyva Holding B.V. Joloda Hydraroll Limited KEITH Manufacturing Co. LODAMASTER Group PFLOW Industries Inc Saifi Con-Fab System Pvt. Ltd. SC Eurobox Technologies Swisslog Holding AG Takraf GmbH Trasmec Srl Ya-Va Belt Conveyor For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Moving Floor Conveyor System Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Politico
17 minutes ago
- Politico
Up next: DOGE cuts and a shutdown cliff
IN TODAY'S EDITION:— GOP turns to rescissions, funding fights— Johnson wants two more reconciliation bills— Defense policy bill to shake up Pentagon Republicans finally got their 'big, beautiful bill' across the finish line. Now they're turning to their next urgent tasks: codifying billions in spending cuts and avoiding a government shutdown. The Senate plans to vote no earlier than next week on President Donald Trump's request for lawmakers to scrap $9.4 billion in previously-approved funding for NPR, PBS and foreign aid, two people tell our Jordain Carney. That's running dangerously close to lawmakers' July 18 deadline to vote in favor of the rescissions package, or the administration will be forced to spend the money as Congress originally intended. GOP leaders have work to do to shore up votes for the package, which would formalize funding cuts previously sought by Elon Musk's Department of Government Efficiency initiative. Among the wary Republicans is top Senate Appropriator Susan Collins, who helped tank Trump's unsuccessful rescissions request back in 2018. The Maine Republican said during a late-June hearing with White House budget chief Russ Vought that reducing support for the AIDS-fighting program PEPFAR would be 'extraordinarily ill-advised and short-sighted;' Collins later told Calen that she's looking at 'drafting an alternative package of rescissions.' Sens. Lisa Murkowski, Dan Sullivan and Mike Rounds have also echoed Collins' warnings about slashing money for public broadcasting, with Sullivan saying he's seeking an amendment for 'very rural' stations that would be affected by the White House proposal. Looming over the rescissions talks: appropriations. Senators will Thursday begin marking up their first batch of spending bills necessary to fund the government beyond the end of the current fiscal year on September 30. Leaders are under immense pressure to allow votes on individual measures rather than seek to avert a shutdown with a massive omnibus, and more than anything else want to avoid having to pass another short-term stopgap. But the scheduled August recess will take away four weeks of time lawmakers would otherwise be in Washington to negotiate. The House has made some progress with its appropriations work, passing one bill so far and advancing four others out of committee. House Appropriations Chair Tom Cole says he wants to complete all 12 markups by July 30. Yet even the typically-bipartisan bill to fund the Department of Veterans' Affairs only garnered two Democratic votes on the chamber floor. It underscores how a process that once relied on buy-in between the two parties has become a largely partisan exercise — a risky situation for Republicans who can only lose three votes on their side of the aisle for party-line legislation. We'll also be watching how lawmakers respond to the deadly flooding in central Texas over the weekend, including whether they'll back up some Texas state officials who are sharply criticizing the National Weather Service for severely underestimating the rainfall in its forecasts. The White House on Sunday pushed back against attempts to link the administration's NWS staffing cuts to its inability to warn Texas residents about the storms. At least two members have been directly affected by the catastrophe, our Gregory Svirnovskiy reports: Texas Rep. August Pfluger and Georgia Rep. Buddy Carter. Pfluger's daughter and Carter's granddaughters were rescued from a camp affected by the flooding, with Carter also sharing that his granddaughters' cousin was killed. GOOD MONDAY MORNING. Please wish Lisa luck as she rejoins POLITICO's politics team today to cover the midterms! We'll miss her banana muffins and dedication to joining any and all Senate scrums. Lisa's not going far, though — you'll still see her on the Hill. Add lkashinsky@ to your campaign lists and send your candidate launches, polls and ads her way. Reach your Inside Congress crew at crazor@ and mmccarthy@ Follow our live coverage at WHAT WE'RE WATCHINGWith help from Jordan Williams The House will have a pro forma session at 10 a.m. The Senate will have a pro forma session at 10:15 a.m. — Senate Armed Services will have a subcommittee meeting to mark up provisions of the proposed National Defense Authorization Act for fiscal 2026 at 5:30 p.m. The rest of the week: The Senate will convene Tuesday to vote to end debate on Preston Griffith's nomination to be under secretary of Energy at 5:30 p.m. The Senate will move forward with confirming other Trump nominees and marking up government funding bills for fiscal 2026. Pro subscribers receive this newsletter with a full congressional schedule and can browse our comprehensive calendar of markups, hearings and other notable events around Washington. Sign up for a demo. THE LEADERSHIP SUITE Johnson outlines next reconciliation plans Speaker Mike Johnson, riding high on a legislative win, is already sketching out the timeline for passing as many as two other partisan packages through the filibuster-skirting, budget reconciliation process. 'We've been planning a second reconciliation bill for the fall attached to the next fiscal year, and then potentially one in the spring,' Johnson said on Fox News Sunday. 'That's my plan. Three reconciliation bills before this Congress is over. I think we can do that.' The speaker didn't elaborate on what specific policy areas would be addressed in these future packages. But look out for any priorities of key hardliners, with Reps. Keith Self and Chip Roy hinting last week they got assurances from Johnson and the White House that certain items on their wish list would be addressed at a later date in exchange for supporting the megabill. For instance, some House conservatives said the White House committed to further scaling back clean-energy tax credits created by the Democrats' 2022 climate law, our Kelsey Tamborrino and Josh Siegel write. Our Meredith Lee Hill reports that Roy specifically said he talked to Trump administration lawyers for about six hours last week on this very topic. Johnson, however, denied there were any 'side deals' with members to get them to vote for the megabill before the July 4 deadline. POLICY RUNDOWN NDAA TO SHAKE UP PENTAGON — House Armed Services is looking to make it more difficult to withdraw troops from Europe and change how the Pentagon buys its weapons, according to draft text of the annual defense policy bill obtained by our Connor O'Brien in advance of the panel's planned July 15 markup. House members are also not currently considering an increase in funding after military operations got a $150 billion boost in the GOP megabill. Senate Armed Services, meanwhile, will mark up its version of the defense bill this week. Subcommittees will meet today and early Tuesday to approve individual portions of the NDAA, with the full panel slated to debate and vote on the whole package starting Tuesday afternoon and likely stretching out over multiple days. The full committee markup will take place in a closed session and details are not expected to emerge until after senators vote on it. MEGABILL COULD SLAM THE JOB MARKET — The White House is touting the U.S.' monthly gains in jobs. But that's in danger of fading due to the aggressive immigration policies in the megabill, our Sam Sutton reports. As Trump's domestic policy agenda chips away at the supply of foreign-born workers, White House officials insist that won't dent the economy because the partisan package will encourage more Americans to enter the workforce. Many economists disagree, predicting the immigration crackdown will hurt the labor market — especially if immigrant workers are unable to offset an aging domestic population. Capitol Hill's nonpartisan scorekeeper, the Congressional Budget Office, predicts that population growth is expected to ease in the coming decades. And a separate analysis from CBO predicted that the post-pandemic jump in immigration would positively impact economic output — though with a lower average wage growth — while leaving inflation untouched. FOOD BANKS PLEA FOR PRIVATE, STATE FUNDING — Food banks across America warn they are unprepared to feed millions of people once the megabill's cuts to safety net programs take effect, our Marcia Brown reports. Republicans defended the cuts as necessary to wipe out waste, fraud and abuse, but the legislation will slash more than $1 trillion from the nation's largest food assistance program and Medicaid, with some of the reductions coming as early as this year. Some food bank leaders are looking to convince private foundations and state leaders to help make up for the shortfalls — though it likely won't be enough. The cuts to the Supplemental Nutrition Assistance Program alone will eliminate 6-to-9 billion meals annually. That's about the same number of meals the food bank network provided last year; they would likely need to double their operations to close the gap SNAP leaves behind. TAX BREAKS IN THE MEGABILL — The GOP's party-line package was primarily designed to prevent $4 trillion in looming tax increases set to hit at the end of this year. Senate Republicans, however, also added a crop of unrelated, bespoke tax breaks costing tens of billions of dollars, our Brian Faler reports. A slew of new tax breaks would benefit venture capitalists, Alaskan fisheries, spaceports, private schools, rum makers and more. House GOP lawmakers got in their share, too. Best of POLITICO Pro and E&E: CAMPAIGN STOP MEGABILL'S ELECTION IMPACTS — The GOP's megabill passage kicks off the political promises of 2026 and 2028 for party leaders, our Benjamin Guggenheim reports. Included in the sweeping legislative package are tax cuts and deep safety-net restrictions, all set to expire as Republicans look to hold the majorities in their chambers the next two cycles. The bill also gives a sneak peak into the campaign promises and the key legislative priorities ahead. The most politically explosive cuts to Medicaid and the SNAP are set to take place in 2028. Meanwhile, Democratic leaders are already taking the offensive on the safety-net issue and Republicans are fretting that it could result in some big electoral losses, our Lisa Kashinsky, Andrew Howard and Elena Schneider report. Johnson shrugged off concerns over the issue in his Fox interview Sunday, saying that people should not 'buy into those false talking points.' 'Everyone will have more take home pay, they'll have more jobs and opportunity, the economy will be doing better and we'll be able to point to that as the obvious result of what we did,' he said. ELON'S AMERICA PARTY? — After Musk and Trump's split over the GOP megabill, the billionaire declared the launch of his own political party, the 'America Party,' our Giselle Ruhiyyih Ewing reports. Musk is now threatening to drum up support for this new, third party, noting that he would target a handful of vulnerable swing seats in Congress to leverage political power. 'Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people,' he wrote on his social media platform, X. Trump, who Musk helped in 2024, later posted on Truth Social that Musk had 'gone off the rails.' SOUZZI'S MESSAGE FOR DEMS — Rep. Tom Suozzi said Democrats can learn from Trump and Zohran Mamdani, the Democratic nominee for New York City mayor, our Jacob Wendler reports. In an interview on CBS' 'Face The Nation' Sunday morning, Suozzi, a centrist New York Democrat who represents a Trump-won district, said Mamdani tapped into the topic of affordability in the same way that Trump campaigned on the issue in 2024. 'Democrats have got to do a better job learning from Trump and Mamdani not with their solutions, which I think are wrong, but with the diagnosis of the problem that, 'we're frustrated, we're concerned,'' Suozzi said. He added that voters perceive Democrats as focused on reproductive rights and LGBTQ+ protections rather than 'the issues people think about every night when they are lying in bed,' like immigration, taxes, crime and health care. THE BEST OF THE REST Centrist Rep. Don Bacon is done with Congress — but open to a potential presidential bid, from Scott Wong and Frank Thorp V at NBC News 'Tears My Heart to Pieces': North Carolina Braces for Medicaid Cuts, from Eduardo Medina at The New York Times HAPPY BIRTHDAY Rep. Judy Chu … former House Majority Leader Dick Armey … former Rep. Matt Rosendale … Marti Adams Baker … Bloomberg's Nia-Malika Henderson … Eleanor Clift … Ed Kaleta of UnitedHealth Group … Matt Gobush of the Afghanistan War Commission … Luther Lowe … Truman Reed of Rep. Monica De La Cruz's office … Ana Kasparian … CNN's Sophie Tatum … Patricia Bryan (7-0) … Miranda Dabney … Michael Hudome … Amanda Crumley … Jason Raymond … Bry'Shawna Walker of Rep. Shomari Figures' office TRIVIA THURSDAY'S ANSWER: Steve Finley correctly answered that President Dwight Eisenhower changed the name of the presidential mountain retreat Shangri-La to Camp David, after his grandson. TODAY'S QUESTION, from Steve: Which former U.S. senator was born in Wisconsin; was elected to the Senate as both a Republican and a Democrat; and had a cameo appearance in a Lee Marvin movie?


CNN
21 minutes ago
- CNN
China sidesteps question on TikTok after Trump says close to deal
China's government on Monday sidestepped a question on US President Donald Trump's recent claim that he 'pretty much' has a deal with Beijing to bring TikTok into American ownership and that talks with China over the popular short-video app could begin early this week. TikTok's Chinese parent company ByteDance is under pressure to spin off the short-video app's US operations by September 17 or face a ban in the United States. Last year, then President Joe Biden signed a sale-or-ban law, requiring ByteDance to divest the app to an American owner over national security concerns. Despite an original January deadline, Trump has repeatedly delayed enforcement of the law. 'China has reiterated its principle and position on issues related to TikTok on multiple occasions,' China's Foreign Ministry spokesperson Mao Ning said on Monday in response to a request for an update on the latest TikTok talks, without providing further details. When previously asked about the TikTok deal, the Foreign Ministry has urged the US to provide an 'open, fair, just and non-discriminatory business environment' for Chinese businesses, and said that acquisition of businesses should be 'independently decided by companies in accordance with market principles.' The Chinese government has given little indication that it would approve a forced sale. In early 2023, a Commerce Ministry spokeswoman said in the government's first direct response to the matter that China would oppose any forced sale of TikTok, citing how a sale or divestiture of the app would involve 'exporting technology' and had to be approved by the Chinese government. TikTok's 'algorithm' is widely seen as the app's secret sauce behind its explosive popularity. In the US, TikTok boasts over 170 million monthly active users, according to the company early last year. Over 60% of American teens and about a third of American adults use the social media platform, according to a Pew Research Center study, for news, entertainment, or even to earn a living. On Friday, Trump told reporters aboard Air Force One that the US 'pretty much' has a deal on the sale of the app, though he said he's 'not confident' China would approve the deal. 'I think we're going to start Monday or Tuesday…talking to China perhaps President Xi or one of his representatives, but we pretty much have a deal on TikTok,' he said, referring to Chinese leader Xi Jinping. He added the deal would 'probably' have to be approved by China. CNN has reached out to ByteDance and TikTok for comment. In late June, Trump said that there was a buyer for TikTok, teasing an announcement in two weeks. 'It's a group of very wealthy people,' he said on a Fox News program then, without providing more details. A deal that would transfer control of the app's US operations to American ownership had been on the horizon. But Trump's announcements of 'reciprocal' tariffs that brought levies on Chinese imports to the US to 54% on April 2 prompted China to pull out of the deal, CNN reported earlier. Based on the law, ByteDance can own no more than 20% of the platform in the final deal, and the app's US operations cannot coordinate with ByteDance on the app's algorithm or data-sharing practices. Alex Capri, a lecturer at the Business School of the National University of Singapore, told CNN that he doubts Beijing would approve the sale. 'Even if Beijing would choose to overlook the recent tariff hikes and ratcheting up of US export controls on Chip technologies, they still wouldn't grant export licenses for the algorithms,' he said. On Sunday, American tech media The Information reported that TikTok is building a new version of its app for US users to be launched ahead of the September deadline. Users will need to download the new app to continue using its platform while the existing app will shut down by March next year, it said. CNN's Fred He, Aleena Fayaz contributed reporting.