HP Inc (HPQ) stock surged 6.02% in pre-market trading on Monday, following news that President Trump has exempted several electronics, including laptops and computer monitors, from recently imposed tariffs on Chinese imports. This move comes as a significant relief for tech companies like HP, which heavily rely on Chinese manufacturing for their products.

The exemption, detailed in new guidance published by U.S. Customs and Border Protection, covers a wide range of tech products including smartphones, laptop computers, memory chips, and other electronics. This decision effectively erases the latest tariffs that were imposed on many consumer electronics, providing a boost to companies in the tech sector. The broader tech industry is expected to benefit from this move, with several other tech stocks also showing gains in overnight trading.

For HP Inc, a major player in the personal computer and printer market, this exemption could significantly impact its bottom line. The company has been grappling with the potential consequences of escalating trade tensions between the U.S. and China. The tariff exemption is likely seen by investors as a positive development that could help maintain HP's profit margins and competitive pricing in the market. As HP continues to navigate the complex landscape of international trade, this exemption represents a notable win and could potentially spark further optimism about the company's prospects.