Abstract
The competitive environment of transatlantic economic relations has changed considerably in recent years, and this change generally has not been in favour of European industry and trade. The United States has reaffirmed its technological lead in a time of increasingly rapid technological change, and it is practising a new assertiveness in security and defence policy as well as in international trade policy and export promotion. This article analyses these developments and their implications for European defence industries as well as for Europe's industrial competitiveness and trade performance beyond the defence sector.
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