evidence: US Trade Representative Katherine Tai raised eyebrows this week by dismissing concerns that President Joe Biden’s new tariffs on China would increase prices for US customers like the Trump-era tariffs on China did. [...] "President Biden got it right in his June 2019 tweet. Higher tariffs are a tax that falls for the most part on Americans, not foreigners," he told CNN. "The new Biden tariffs, like the more extensive ones that Trump has promised, will worsen US inflation. Consumers will suffer, as will firms that rely on imported intermediate components." [...] Biden announced on Tuesday increased tariffs on $18 billion in Chinese imports, focusing on steel, aluminum, legacy semiconductors, electric vehicles, battery components, critical minerals, solar cells, cranes and medical products. The new tariff rates range from 100% on EVs, to 50% for solar components, to 25% for all other sectors.