A new reality is taking shape in international economic and trade relations. As the EU shapes its strategy in response to this shifting landscape, we must maintain our collective composure and unwavering confidence in our strengths. Our democracies have nothing to fear, as long as we do not lose our faith. That is why the great trap we must avoid is fatalism and defeatism. Extremists and demagogues feed on despair, resignation and nihilism. What we are facing before us is a battle of ideas and