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The US Labor Department reported Friday that employers shed 701,000 jobs in March, a number expected to worsen in coming months.

The US economy is now in its 121st consecutive month of growth, a record. Employment is at record levels, including among blacks and Hispanics.

The US package delivery company will enhance cooperation with Chinese partners to not only help upgrade the country's logistics system, but promote the development of cross-border e-commerce and the global recovery from the COVID-19 pandemic, Wu said at the book release.

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The US president also said he hopes the two economic teams will work together to actively resolve economic and trade issues. He said the two countries should strengthen trade and investment cooperation in energy and manufacturing, expand agricultural trade and market access and bolster cooperation in protecting intellectual property rights to bring more practical benefits to the two peoples.

The US government is taking action to stabilize the market.

The US Chamber of Commerce and the China Center for International Economic Exchanges－the business thinktank of the Chinese government－will organize a meeting within the next 12 months to promote to US companies the projects related to the initiative.

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The US aluminum business has been "decimated" by Canada, Trump said, adding that the new tariff is absolutely necessary.

The US Secret Service intercepted packages addressed to Obama at his Washington home and to Clinton, the 2016 Democratic nominee for president, at her home in New York state.

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The US seafood industry also urged USTR to avoid a tariff war with China. The National Fisheries Institute, Pacific Seafood Processors, and the At-Sea Processors Association warned the USTR that any sanctions against China's seafood industry would "badly harm" US seafood exporters, harvesters and processors. 

The US is changing the H-1B visa program used by American tech companies to hire skilled workers from overseas, boosting the number awarded to people with advanced degrees from US universities.