Two days after imposing sweeping tariffs on Canada and Mexico, President Trump on Thursday abruptly suspended many of those levies, sowing confusion with investors and businesses that depend on trade with the countries. The president said he would allow products that are traded under the rules of the U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term, to avoid the stiff 25 percent tariffs he imposed just days ago on two of America’s largest trading partners. The suspension effectively abandons many of the tariffs that Mr. Trump had placed on Canadian and Mexican products — levies he said were necessary to stem the flow of drugs and migrants into the United States. His decision came a day after he said he would grant a 30-day reprieve to automakers, who had complained to the president that the levies would cause severe damage to U.S. carmakers. Mr. Trump implied that any relief would be short-lived, saying that other tariffs on Canadian and Mexican products are coming in April.
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