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It is increasingly evidentthatthe centre of gravity of international relations is shifting in the direction of Asia. China's economic and political rise is the single most importantdimension of this development, Thiscoincides with fading American hegemony, obvious during, but in essence not limited to, the Trump Presidency. These actor-level changes take place within a context of structural change of the global order, defined bycompetitive and redistributive globalization. The concept of geoeconomics is fruitful for grasping what is under way. Understood as geopolitical consequences of economic processes and economic consequences of geopolitical shifts, geoeconomics has become the defining feature of international relations in theera of advanced globalization.This development in turn emphasizes flowsecurity asthe primarysecuritydynamic. Asthese contours of the future orderare becoming clearer, Europe-and the EU-isincreasinglychallenged interms of global relevance. [ABSTRACT FROM AUTHOR]