POSITIVELY TRUMPIAN: Joe Biden will double, triple and quadruple tariffs on some Chinese goods, with EV duties jumping to 102.5% from 27.5%.

Biden will hike or add tariffs in key sectors after nearly two years of review. The total tariff on Chinese electric vehicles will rise to 102.5% from 27.5%, the people said, speaking on condition of anonymity ahead of the announcement. Others will double or triple in targeted industries, though the scope remains unclear.

Biden and his staff spent recent weeks finalizing the measures, including which items to hit and which to avoid because the inputs are needed to fuel American growth, one of the people said. The final decision was a consensus, the person said.

It’s not clear which items were spared but Biden won’t announce tariff rate reductions, two of the people said. The administration has signaled to the US solar industry that it’ll move to exclude some items, including machinery used to make solar panel components. The shift has been sought by some equipment makers who say current levies undermine Biden’s goal of wresting clean-energy supply chains from China.

The 2024 presidential race looms large over the flagship announcement: Biden is trying to crack down on China and differentiate himself from Donald Trump — whose original tariffs Biden is set to largely renew, but who is seeking widespread hikes that the current administration views as going too far.

As I recall, it was the end of the world when Trump imposed his smaller tariffs so it’s nice to know that when Biden doubles or triples them it’s no big deal.