JOE Biden has officially launched his 2024 presidential bid, potentially putting him on a collision course with his predecessor Donald Trump.

Biden is seeking a second White House term and has said he wants to "finish the job."

Biden announced his re-election bid in a campaign video on Tuesday.

He said: "Every generation has a moment where they have had to stand up for democracy.

"To stand up for their fundamental freedoms. I believe this is ours. That’s why I’m running for reelection as President of the United States. Join us. Let’s finish the job."

Biden continued: "When I ran for president four years ago, I said we were in a battle for the soul of America. And we still are.

"The question we're facing is whether in the years ahead, we have more freedom or less freedom. More rights or fewer."

The president warned that it's "not a time" for America to be complacent.

He said: "That's why I'm running for re-election. I know America. I know we're good and decent people.

"I know we're still a country that believes in honesty and respect, and treating each other with dignity."

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It's not yet known when Biden will hit the campaign trail.

But, he's expected to meet with top donors in the coming days as he starts to beef up his campaign finances.

Top pollster Frank Luntz has warned that Biden's campaign strategy will have to be different compared to his successful 2020 election campaign.

If Biden wins re-election, he will be 86 by the time he leaves office in January 2029.

Minutes after Biden declared his 2024 bid, the GOP called on the commander-in-chief to retire.

The party tweeted: "It's time for Joe Biden to retire. The American people are going to make sure that happens in 2024."

Former White House Press Secretary Sean Spicer believes Trump will welcome facing Biden in 2024.

He told The U.S. Sun: "I think President Trump relishes the opportunity to take on Biden again."

Trump ripped Biden's announcement, blaming the commander-in-chief for creating the "worst inflation in half a century."

"You could take the five worst presidents in American history, and put them together, and they would not have done the damage Joe Biden has done to our Nation in just a few short years. Not even close," Trump said.

Biden's announcement comes just months after doctors said he remains "healthy" and "vigorous" for his age.

Critics have used the president's age to make jibes about his competency for the office.

Biden has faced domestic and international challenges since entering office in January 2021.

In August 2021, US troops evacuated Afghanistan – an operation that was described as "bungled" and heavily criticized by both Democratic and Republican lawmakers.

His administration struggled to bring the nation fully out of a two-and-a-half-year pandemic.

And his first term as president has been embroiled in rising tensions with China and Russia.

Domestically, Biden has faced challenges relating to inflation and the southern border.

The aftermath of the Covid-19 pandemic saw widespread supply chain shortages and energy prices have skyrocketed following Russia’s invasion of Ukraine.

In June, inflation in the US hit 9.1 percent – its highest figure in four decades.

Florida Senator Rick Scott claimed that high inflation was Joe Biden's "fault" and said he was "asleep at the wheel."

Republicans have railed against Biden's approach to immigration, describing policies as "lax."

The president promised to reform immigration when he entered office in January 2021, but 2022 saw a record high of encounters.

U.S. Customs and Border Protection data revealed that there were more than 2.3million border crossings in 2022.

And it’s feared that the number could rise to record highs in 2023.

Former President Trump became the first candidate to jump into the contest when he announced his candidacy a week after the 2022 midterm elections.

Trump didn’t make his first true campaign swing until late January when he stopped in New Hampshire and South Carolina – two primary states that handed him his first wins in the 2016 presidential election.

Trump's former Ambassador to the United Nations, Nikki Haley, launched her own campaign in February.

In announcing her campaign, she pitched her candidacy as an opportunity to install a “new generation of leadership” at the helm of the Republican Party.

Florida Governor Ron DeSantis has been touted as a potential candidate for the GOP nomination, but he has not entered the race yet.

It's possible he may enter the race once the Florida legislative session ends in May.

Former vice president Mike Pence is also considering a run for the Oval Office.

Pence has repeatedly said that he believes the GOP will have "better choices" than Trump.

Mike Pompeo, who served as Secretary of State in the Trump Administration, has ruled out entering the race for 2024.

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