The transatlantic alliance faces growing differences because the US and Europe are diverging in their perceptions of, and approaches to, national security threats.
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While both sides acknowledge the rise of great power competition, their assessments of specific threats and corresponding national priorities are drifting apart.
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Since the 2022 full-scale invasion of Ukraine, defending against Russia has become Europe’s dominant security objective, viewing it as an existential threat to its security architecture.
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Conversely, the Indo-Pacific and competition with China have solidified their place as the primary focus of US foreign policy.
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This trend is not merely cyclical, as suggested by the potential return of the Trump administration but reflects longer-term structural shifts in global security.

Nov 6, 2025 · 10:33 AM UTC

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This divergence is sharpest concerning Russia: Europe views it as an existential threat to its security architecture, yet the second Trump administration has deprioritised Russia as a top-tier threat and pursued bilateral engagement.
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Our report concludes that the alliance can remain a pillar of global stability if it embraces a rebalanced partnership.
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This requires Europe to assume greater security responsibility and significantly increase defence investment, allowing the US to maintain engagement in a less dominant role while focusing on its strategic priorities.
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