An inflation report to be released on Tuesday will mark the latest test for President Donald Trump's tariff policy, which so far has averted the resurgence of inflation that many economists expected. Instead, inflation has cooled, defying doomsday predictions and helping to propel sturdy economic performance.

Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, appliances, and other goods, economists forecast.

Latest news and live updates as Trump announces the U.S. will send Patriot missiles to Ukraine and meets with NATO's secretary general.

Russia's Defense Ministry, meanwhile, said its forces downed at least 66 Ukrainian drones overnight into Tuesday morning. Among the areas targeted was the southwestern Voronezh region which borders northeastern Ukraine. At least 16 people were injured there, Gov. Aleksandr Gusev said on Telegram.

The president left the door open for talks with his Russian counterpart but complained about Russia’s continued aerial attacks on Ukraine.

The European Union is preparing to step up engagement with other countries hit by President Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners.

The European Union 's ( EU) trade chief Maros Sefcovic warned trading between the 27-member bloc and the U.S. would become "almost impossible" if President Donald Trump 's 30 percent tariff takes effect on August 1.