Wall Street climbed on Wednesday after President Donald Trump secured a trade deal with Japan, sparking optimism for a flurry of new agreements as the August 1 deadline looms. The pact will slash tariffs on the Japanese auto sector to 15% from 27.

After three months of negotiations, Japan and the United States reached a realistic deal that is expected to minimize the impact of US tariffs on the Japanese economy. The deal sets a 15 percent US reciprocal tariff on imports from Japan,

President Trump may have gotten his way with tariffs on some countries, but his overhaul of American trade policy has not gone unchallenged.