European defence stocks are rising following Donald Trump's 2024 election victory, with companies like Leonardo SpA and Rheinmetall AG seeing significant stock increases. Analysts predict a surge in European defence spending as NATO burden-sharing becomes more prominent, while European carmakers face declines due to Trump's protectionist trade policies. Key figures, including German Foreign Minister Annalena Baerbock, advocate for increased investments in European security, with public support for higher defence spending in Germany. The shift in US policy may lead to greater financial responsibilities for European nations and defence firms.