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So I just got back from the Austrian Alps.

Not a vacation.

Let me assure you, I was moderating several panels at the European Forum Alpah.

It's a late summer gathering where a postcard-prity Torolian village turns into a cross between a political gab fest and a pop-up university campus.

But like, on the set of the sound of music.

Since the 1940s, it's brought politicians, CEOs,

students and scholars together to talk about Europe's big ideas.

Not only in conference rooms, but also on Outbox's famous hiking trails.

So I had to skip the hikes this year, actually, due to a minor foot injury.

I didn't want to be limping along behind the pack.

But speaking of limping along, that's how one of my guests describes the EU's current status.

Limping along in a world of rising pressure, not realizing its potential and at times getting

sidelined or even bullied by bigger players.

That or even bullied by bigger players. That concern sharpened in Albaugh earlier this week, when Washington rolled out a fresh threat.

Countries with digital rules seen as unfair to U.S. tech giants could face tariffs and even penalties.

That news was pretty jarring because it landed just weeks after Brussels and Washington

agreed to a trade deal. That agreement was supposed to bring a bit of predictability and peace

of mind, but Donald Trump didn't wait long before he rattled the cage again.

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