Shares of Trump Media and Technology jumped Wednesday following the president’s tariff announcement. The stock, known by its ticker DJT, rocketed 19.3% higher. Trump said on Truth Social, the social media platform owned by Trump Media,

It isn’t clear how, if at all, tariffs would impact Trump Media’s business, which have been operating with large losses since going public last year.

The stock market exploded higher on Wednesday after President Trump said he would place a 90-day pause on his reciprocal tariffs, adding that he would lower that rate to 10% for most countries effective immediately.