I agree with
@emblem21. In addition, I don't think there would be any ceasefire no matter what. The gloves are off. Trade war, tech war, financial war, currency war, propaganda war, you name it, the US will be throwing anything and everything at China. Remember the one issue that unites both parties is being anti-China.
I think the Phase I "deal" was a stalling tactic. China was never going to fulfill it. Even when it was signed, the amount China needed to buy was unrealistically large. It's debatable if the tactic was successful, but China did what it wanted to do with or without the deal. In fact, China wanted to stock up on commodities these past 2 years as key international agencies predicted potential looming food crisis. This was a good cover to do that without getting too much attention.
The inflation this helps cause in the US is just icing on the cake.
As far as the tariffs, at this point I think it might benefit China more if they are kept. China broke all kinds of record on trade in 2021, including record exports to the US and trade surplus vs the US. Exporters that could be substituted have been hardened, whether to find alternative destinations or move up the value chain. Tariffs on the rest again adds to the inflation problem the US seems unable to solve.