Under the outbreak of Covid-19, the United States is expanding the scope of medical products excluded from the imposition of tariffs.
On the evening of March 22, VAKA Intelligent Furniture Company received a notice from the US Trade Office (USTR) that, according to the BillingCode3290-F0 document, some of the company’s exports of lifting desk products to the United States are within the scope of the exemption list, and the expiration date is from 2018 September 24 to August 7, 2020.
Some of sit standing desks of VAKA are within the scope of the exclusion list or related to the purpose of the product. VAKA company is mainly engaged in the research and development, production and sales of sit standing desks. The sit standing desks produced by the company can be widely used in smart office, school, smart home and other fields. The company’s lifting table system products are exported to the United States, Europe, Japan, South Korea and other countries and regions, of which the United States is an important market for the company.
This major good news has increased our confidence in increasing investment in production equipment and in research and development of sit standing desks. The investment budget for sit standing desks in 2020 will increase by 50%, and sales are expected to increase by 100% to achieve bucking the trend.