The report assesses the presidency of Barack Obama, with a focus on transatlantic security relations. Other foreign and security policy issues are also examined. In addition, four crucial domestic policy that helped define the administration are reviewed in depth, in order to arrive at an overall assessment of Barack Obama as president. The second part of the report examines what we may expect from Donald Trump as president, again with a focus on transatlantic security relations and again with an analysis of fundamental domestic issues.