Duty on bicycles

Today the government announced that duty on Chinese bicycles will increase 10% from next week until the new year and on Jan 1, 2019 they will increase to 25%. Most bicycles are made in China, hence the prices of all bicycles will increase. I understand some companies have moved factories to Vietnam, to avoid the duty. However this has been a problem, since Chinese products are some of the best in the world. Vietnam is still creating low end goods.

If you plan on buying a bicycle in the next year get one right away. Soon prices will go up, or specs will go down. Most likely a little of both. If you are unable to buy right away get one before the new year. The 2019 market is going to be change, and no one knows how it will play out. However it doesn't look good for consumers.