The Americans lost for the first time in three games. They'll finish Group A play Tuesday night against Canada. Finland has won two straight after an opening loss to Canada.
In the late game at Canadian Tire Centre, Carter George made 18 saves to help Canada rebound from an overtime loss to Latvia with a 3-0 victory over Germany.
Jesse Kiiskinen, Julius Miettinen and Arttu Alasiurua also scored for Finland, and Petteri Rimpinen made 41 saves.
Carey Terrance of the Erie Otters of the OHL, Cole Hutson of Boston University and Brody Ziemer of Minnesota scored for the United States. Augustine, from Michigan State, stopped 29 shots.
For Canada, Oliver Bonk opened the scoring midway through the first period, Caden Price made it 2-0 with 4:58 left in the game and Mathieu Cataford added an empty-netter.
In Group B at TD Place, Sweden and Czechia each improved to 3-0 ahead of their showdown Tuesday night in the round-robin finale.
Tom Willander had two goals and assist in Sweden's 7-5 victory over Switzerland. Eduard Sale scored twice to help Czechia beat Slovakia 4-2.
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