Beijing announced Friday it will impose retaliatory tariffs on all U.S. goods starting April 10, matching the rate of reciprocal tariffs President Donald Trump is slapping on China. (The Associated Press, Reuters)

Talking point: China’s commerce ministry said it will further curb exports of rare earth minerals, including samarium, used in aerospace and military technology. China also added 27 U.S. entities to lists of firms facing export controls or trade sanctions. Sixteen of them will be banned from importing items that can be used for both military and civilian purposes. Beijing has also requested World Trade Organization consultations, calling the new tariffs a “blatant” violation of its international rules. The retaliatory moves are in addition to tariffs ranging from 10 to 15 per cent that China has already imposed on some U.S. agricultural and energy products, as well as farming machinery. China “panicked,” Trump said on social media. “THE ONE THING THEY CANNOT AFFORD TO DO!”