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President Biden on Tuesday spoke about the administration’s decision to announce a new wave of tariffs on a range of Chinese goods.

“American workers can outwork and outwork anyone, as long as the competition is fair. But it hasn’t been fair for too long,” the president said during a speech on the White House Lawn.

He criticized the Chinese government for “cheating” over heavy state subsidies and “unfairly low” world market prices.

Electric vehicles are a major focus, with levies in that category set to quadruple from 25% to 100% this year.

“The future of electric vehicles will be made in America by union workers. Period,” Biden said.

Other tariff targets include steel, aluminum, semiconductors, medical equipment and more. The government plans to raise tariffs on $18 billion of Chinese imports.

The announcement comes as President Biden prepares for a rematch against his predecessor, Donald Trump.

President Joe Biden speaks in the Rose Garden of the White House in Washington on Tuesday, May 14, 2024, announcing plans to impose major new tariffs on electric vehicles, semiconductors, solar energy equipment and medical supplies imported from China.  (AP Photo/Susan Walsh)President Joe Biden speaks in the Rose Garden of the White House in Washington on Tuesday, May 14, 2024, announcing plans to impose major new tariffs on electric vehicles, semiconductors, solar energy equipment and medical supplies imported from China.  (AP Photo/Susan Walsh)

President Joe Biden speaks in the Rose Garden of the White House in Washington on Tuesday, May 14, 2024, announcing plans to impose major new tariffs on electric vehicles, semiconductors, solar energy equipment and medical supplies imported from China. (AP Photo/Susan Walsh) (ASSOCIATED PRESS)

Yahoo Finance’s Ben Werschkul and Brian Sozzi have more here:

Notably, Biden’s actions do not include the reduction of more than $300 billion in Trump-era duties on China. Biden has largely reinstated former President Donald Trump’s policies — and added new tariffs on certain sectors.

“The president is taking a tough, strategic approach that combines investments at home with enforcement against China in key sectors,” national economic adviser Lael Brainard said ahead of the news.

Biden’s top economic aide also drew a sharp contrast to Trump’s trade record in her remarks to reporters. She said Trump’s moves in office “have not delivered” and that his current 2024 campaign promises would increase inflation.

Most of the new rates announced this week were felt quickly and will be implemented this year.

Others – such as the new duties on semiconductors and batteries – will be introduced more slowly in 2025 and 2026.