<ul><li>China has agreed to open negotiations with the Trump administration regarding tariffs on consumer technology products.</li><li>Tech industry warns that tariffs could increase Americans' costs for popular gadgets by over $123 billion annually.</li><li>China's Ministry of Commerce has emphasized that the US must demonstrate sincerity and correct its wrongdoings for talks to progress smoothly.</li><li>Previously, China demanded that President Trump drop all tariffs before negotiations, while Trump is seemingly holding out on a deal related to TikTok.</li></ul>

Trump tariffs could make Americans pay $123B more annually for 10 common gadgets

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