President Biden speaks in the Rose Garden of the White House in Washington, on Tuesday, May 14, announcing plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China. (AP/Susan Walsh)
The president said he ultimately wants "fair competition with China, not conflict.
"And we're in a stronger position to win that economic competition in the 21st century against China than anyone else, because we're investing in America again and American workers," Biden said.
The hikes come after former President Donald Trump imposed tariffs on thousands of Chinese goods in 2018 and 2019 in response to an investigation that found China was violating U.S. intellectual property laws and coercing American companies into transferring sensitive technology to Chinese firms as a condition of gaining access to China's market.
PUTIN TO VISIT CHINA THIS WEEK TO MEET WITH XI, CHINESE FOREIGN MINISTRY SAYS
President Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, in November 2022. (REUTERS/Kevin Lamarque)
China on Tuesday is criticizing the new tariffs, saying they "will seriously affect the atmosphere of bilateral cooperation" and describing them as "bullying," according to The Associated Press.
The Trump campaign also said "Joe Biden's action today is a weak and futile attempt to distract from the grievous harm his insane Electric Vehicle mandate is doing to the U.S. auto industry and how his radical policies are wiping out thousands of American auto jobs.
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"The fact that these tariffs do not apply to gas-powered cars and trucks but only to Chinese EVs shows that this has nothing to do with protecting American Workers," Trump Campaign Press Secretary Karoline Leavitt said. "It's all about Crooked Joe's agenda of killing gas-powered automobiles while forcing Americans into ultra-expensive Electric Vehicles they don't want and can't afford."
FOX Business’ Eric Revell contributed to this report.
Greg Norman is a reporter at Fox News Digital.
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