Absolutely. Canada is almost certainly going to cancel or severely limit a pending F35 order, and is actively sourcing aircraft and negotiating mutual arms deals with European partners.
Of course, NATO was founded on the assumption that the US is a reliable trading and security partner, and the defense supply chains reflect that assumption. It will take time to untangle those chains, but you're watching all of NATO speed-running that process right now.
I'm sure Rolls Royce expects their order book to grow over the next few decades. Likely some engineers have been tasked with researching the viability of creating drop-in replacement models for American engines.