It should print multiline liquid the way we'd expect
printWidth: 80
<div>
  {% render 'foo', product: product %}
  {{
    product.featured_image
    | image_url: width: 400, height: 400, crop: 'top'
    | image_tag
  }}
</div>
<div>
  {% render 'foo', product: product %}
  {{
    product.featured_image
    | image_url: width: 400, height: 400, crop: 'top'
    | image_tag
  }}
</div>