White House pressed on whether Chinese tariffs will impact consumers, hike prices

News Snapshot:

The White House took several pointed questions Tuesday on its new Chinese electric vehicle tariffs, insisting that they won’t hurt consumers with higher prices. “Biden has frequently pledged that no American making under $400,000 would see their taxes go up,” a reporter said. “Tariffs are effectively a tax on imports. I’m wondering if you can commit that no American importer making less than $400,000 would see their costs go up.” Press secretary Karine Jean-Pierre responded by saying, “We do not want to see a tax increase on Americans making under $400,000” and reiterating that the tariffs are about protecting American...