Canada spent weeks trying to get a deal for steel and aluminum producers in the autumn. At one point a deal looked very close and Trump even hinted that it was coming.However the deal fell apart and Trump blew up over Ontario’s tariff ads. The leaders met at the FIFA World Cup draw and the commentary was positive but it looks like no help is coming for steel and aluminum for now. That said, the help could come in 2026 as a broader trade deal is negotiated. U.S. Trade Representative Jamieson Greer told members of U.S. Congress Wednesday that there were some things the US wanted from Canada before extending the USMCA for 16 years. Some points in a leaked document:Access to the dairy marketCanada’s Online Streaming Act and Online News ActProvincial bans on U.S. alcohol productsAlberta’s unfair treatment of electrical power distribution providers in MontanaGovernment procurementThat seems like a reasonable starting point for negotiations. A key timeline to watch is early, which is when the US will outline its USMCA plans to Congress in more detail.Perhaps the larger difficulty in negotiations will be the US trying to align North American policy, while also asking so much of its neighbours while continuing to restrict access to its markets. From the same document, here are some US priorities:Strengthening rules of origin for non-automotive industrial goods to ensure trade benefits flow to the Parties.Enhancing alignment on tariffs, export controls, and investment screening.Developing mechanisms to penalize the offshoring of U.S. production to Canada or Mexico resulting from regulatory arbitrage.Developing a “Critical Minerals Marketplace” to incentivize regional mining, processing, and manufacturingDespite all the drama, the Canadian dollar has outperformed the US dollar this year and is near a three-month low.
This article was written by Adam Button at investinglive.com.
💡 DMK Insight
So, Canada’s trade talks with the U.S. just hit a wall, and here’s why that matters: the fallout could ripple through markets, especially for commodities like steel and aluminum. With ADA currently at $0.35, any economic uncertainty stemming from these stalled negotiations could impact investor sentiment across the board. If tariffs escalate, we might see increased volatility in related sectors, which could indirectly affect crypto markets as traders seek safe havens or react to broader economic signals. Look, the broader context here is crucial. Trade tensions can lead to market instability, and if investors start pulling back, we could see a shift in capital flows. For ADA, watch how it reacts to any news—if it dips below key support levels, say around $0.30, that could trigger further selling. On the flip side, if the market stabilizes and trade talks resume positively, ADA could see a bounce back. Keep an eye on these developments and how they correlate with commodity prices, as they could provide clues to ADA’s next moves.
📮 Takeaway
Watch for ADA to hold above $0.30; a drop below could signal increased selling pressure amid trade tensions.



