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US-Canada trade talks falter over China-linked steel transshipment concerns and Canada-China trade ties.

Market News
23 Aug 2026
Fox Business
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Bearish
pluang ai news

US-Canada trade negotiations have collapsed amid US concerns that China-made steel and aluminum could enter the US market through Canada via transshipment. The US wants Canada to adopt stricter measures to prevent foreign steel from entering North America, while Canada maintains it already limits such imports and is strengthening trade ties with China. This divergence complicates efforts to build a North American trade bloc resistant to Chinese influence, raising tensions between the two allies. The outcome could impact future trade policies and supply chain security in the region.

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