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,