Inflation in the U.S. has reached a 40-year-high, causing a rethink of the tariffs on Chinese goods imposed by former U.S. President Donald Trump. Chinese State Councilor and Foreign Minister Wang Yi met with U.S. Secretary of State Antony Blinken on July 9 during which Wang Yi told Blinken that the U.S. should remove additional tariffs on China as soon as possible. As the world economy faces severe challenges, will the U.S. step up to end years of trade tariffs on Chinese goods? How have these tariffs impacted the U.S. economy?