The punitive tariffs threatened by US President Trump against Canada and Mexico have only been postponed, not canceled. There will be losers on both sides – not only in the USA and Canada but also in Europe. Preparations by Canada and the EU for effective countermeasures are already underway. As in 2018, the EU is once again focusing on trade with the USA. The CETA agreement could be a suitable and joint protective shield for both partners. This will unexpectedly push the ongoing election campaign in Canada in a new direction.