HP Inc (HPQ) stock soared 6.66% in a 24-hour period, following news that President Trump has exempted several electronics, including laptop computers, from his recently imposed tariffs on Chinese imports. This move comes as a significant relief for tech companies like HP, which manufacture a substantial portion of their products in China.

The exemption list, published by U.S. Customs and Border Protection, covers 20 categories of products, effectively erasing the latest tariffs on many consumer electronics. This decision could greatly benefit HP Inc, a major player in the laptop and computer market, by avoiding potential price increases and maintaining competitiveness in the global market.

While the broader implications of Trump's trade policies remain uncertain, this exemption represents a notable win for the tech industry. Analysts suggest that this move could spark a "tech rally for the ages" when markets open. As HP Inc continues to navigate the complex landscape of international trade, investors appear optimistic about the company's prospects in light of these tariff exemptions.