Abstract A common EU foreign and security policy (CFSP) can be framed by elites and media as a risk or as an opportunity. This article examines the effects of framing in terms of risk and opportunity on public support. Moreover, we examine first whether the effect of framing CFSP as a risk for the nation-state has more impact than risk for the EU framing, and second whether fear of globalization moderates the effect of news framing at the individual level. Drawing on a survey-embedded experiment (n?=?2,081) we found that participants in the risk frame condition showed significantly lower levels of support compared to participants in the opportunity condition. Those in the risk for the nation-state condition were significantly less supportive of CFSP than those in the risk for the EU condition. The framing effect was moderated by fear of globalization so that individuals more afraid of globalization exposed to the risk frame condition were significantly more susceptible to risk framing than individuals with low fear of globalization. The results provide insights into the effects of valenced news frames and support for specific EU policies.