GEOFF BENNETT: We start today's other headlines with the latest escalation in President Trump's trade wars.

In a pair of social media posts early today, Mr. Trump said he's recommending a 50 percent tariff on all imports from the European Union starting June 1 and a 25 percent tariff on Apple's iPhones unless they're made in America.

Speaking to reporters today, the president said talks with the E.U.

have been too slow-moving and that he's not necessarily looking to make a deal.

His treasury secretary, Scott Bessent, told FOX: "I would hope this would light a fire under the E.U."

In response, European leaders said the tariffs would only disrupt the global economy.

JOHANN WADEPHUL, German Foreign Minister (through translator): It is up to the European Commission to respond.

I believe that such tariffs do not help anyone, but would only lead to economic development in both markets to suffer as a result.

GEOFF BENNETT: As for Apple, CEO Tim Cook said earlier this month that most iPhones being sold in the U.S. are currently coming from India.

Experts say it would take Apple several years and cost billions of dollars to move production here and the iPhone itself could cost triple what it does now.

The Department of Justice has reached a deal with Boeing that allows the plane maker to avoid prosecution for crashes involving its 737 MAX aircraft.

Under the agreement, Boeing will pay more than $1.1 billion in fines, safety improvements and compensation for victims' families.

The deal reverses a separate agreement reached last year during the Biden administration in which Boeing had agreed to plead guilty.

Relatives had long called for a public trial after 346 people died in separate crashes back in 2018 and 2019.

The current deal still needs to be finalized.

Turning to the Middle East, health officials in Gaza say Israeli airstrikes killed at least 60 people overnight and into this morning.

Israel says it targets militants and has vowed to press ahead until Hamas disarms.

Meantime, aid is finally trickling in after Israel ended its monthslong blockade.

But the U.N. says only 115 of its 400 aid trucks in Gaza have actually reached Palestinians in recent days.

Today, the secretary-general compared that amount to -- quote -- "a teaspoon of aid" when a flood of assistance is required.

ANTONIO GUTERRES, United Nations Secretary-General: The entire population of Gaza is facing the risk of famine.

Families are being starved and denied the very basics, all with the world watching in real time.

GEOFF BENNETT: The World Food Program says that more than a dozen of its trucks were looted last night amid the desperation.

It called on Israel to allow more aid in faster and more efficiently.

Ukraine and Russia began their biggest prisoner exchange of the war today, with each side freeing nearly 400 people.

Video from Russia's Defense Ministry showed the released Russians being bused to Belarus for medical treatment.

Kyiv released similar images of Ukrainians now back in their home country.

Ukraine and Russia signaled the exchange will continue into the weekend.

The two sides agreed to swap 1,000 prisoners each during last week's talks in Istanbul, but they failed to make any progress on a potential cease-fire.

Authorities in Hamburg, Germany, say multiple people were injured in a stabbing attack at a train station in Germany's second largest city.

Some of them remain in life-threatening condition.

A 39-year-old woman was arrested at the scene.

Police say the attack happened around 6:00 p.m. local time in front of a waiting train.

Authorities say there was no immediate indication of a political motive.

They're looking into whether the suspect may be mentally ill. A nor'easter is heading away from New England as the Memorial Day weekend is about to start, but not before drenching the region and bringing some record cold temperatures.

Parts of Massachusetts and Rhode Island were soaked with several inches of rain, while New Hampshire saw temperatures dip into the 40s.

Elsewhere, NASA released this footage of recent storms across the Eastern and Southeastern U.S. as seen from space.

Astronauts aboard the International Space Station say some bursts of lightning looked as large as cities.

On Wall Street today, stocks took a hit following those tariff threats from President Trump.

The Dow Jones industrial average lost about 250 points, but it was off its lows of the day.

The Nasdaq fell nearly 200 points.

The S&P 500 also ended in negative territory to finish the week.

And Billy Joel is canceling all of his upcoming concerts after being diagnosed with a brain disorder known as normal pressure hydrocephalus, or NPH.

That involves a buildup of spinal fluid in the brain.

A statement posted to his social media accounts says, the singer's condition has been exacerbated by recent concert performances, leading to problems with hearing, vision and balance.

The 76-year-old had concert dates scheduled through July of next year in North America and England.

Those who had tickets will get an automatic refund.

Joel says he's sincerely sorry to disappoint his fans.

We wish him the best.

Still to come in the "News Hour": how federal spending cuts could make it harder to guard against severe weather; David Brooks and Jonathan Capehart weigh in on the week's political headlines; and basketball legend Dawn Staley opens up about the successes and the challenges of her career.