The Treasury Department is ending a 10-year-old line of formal economic communication with China — the U.S.-China Comprehensive Economic Dialogue — because the Trump administration is "disappointed" with perceived unfair trade practices by China, per Bloomberg. Treasury Sec. Steven Mnuchin will still continue to engage in private, informal talks with high-ranking Chinese officials.
The backdrop: President Trump is making moves against Chinese economic influence on several fronts. He reportedly wants to curtail Chinese investment in U.S. companies and hit the country with another round of steep tariffs, after his recent actions on steel and aluminum.