Skip to Content Facebook Feature Image

Jimmy the Baptist: Carter redefined ‘evangelical,’ from campaigns to race and women’s rights

News

Jimmy the Baptist: Carter redefined ‘evangelical,’ from campaigns to race and women’s rights
News

News

Jimmy the Baptist: Carter redefined ‘evangelical,’ from campaigns to race and women’s rights

2025-01-02 01:21 Last Updated At:01:31

PLAINS, Ga. (AP) — Before reaching the 1978 peace deal between Egypt’s Anwar Sadat and Israel’s Menachem Begin, Jimmy Carter managed months of intense preparation, high-stakes negotiations at Camp David and a field trip to the Gettysburg battlefield to demonstrate the consequences of war.

But looking back on his most celebrated foreign policy achievement, the 39th president said intricate diplomacy ultimately wasn’t the deciding factor.

More Images
FILE - Dr. Martin Luther King Sr., Rosalynn Carter, President Jimmy Carter, Coretta Scott King, Christine Parris King, sister of the late Dr. King, and U.N. Ambassador Andrew Young sing during a reception honoring friends of the Martin Luther King Jr. Center for Social Change in Washington on Oct. 3, 1978. (AP Photo/Barry Thumma, File)

FILE - Dr. Martin Luther King Sr., Rosalynn Carter, President Jimmy Carter, Coretta Scott King, Christine Parris King, sister of the late Dr. King, and U.N. Ambassador Andrew Young sing during a reception honoring friends of the Martin Luther King Jr. Center for Social Change in Washington on Oct. 3, 1978. (AP Photo/Barry Thumma, File)

FILE - Day breaks over the Maranatha Baptist Church in Plains, Ga., on Nov. 29, 2023. (AP Photo/Alex Brandon, File)

FILE - Day breaks over the Maranatha Baptist Church in Plains, Ga., on Nov. 29, 2023. (AP Photo/Alex Brandon, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Sept. 25, 2009. (AP Photo/John Bazemore)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Sept. 25, 2009. (AP Photo/John Bazemore)

FILE - Former president of Ireland Mary Robinson, background right, looks at former U.S. President Jimmy Carter, center, while visiting a weekly protest in the east Jerusalem neighborhood of Sheikh Jarrah, on Oct. 22, 2010. The protest was organized by groups supporting Palestinians evicted from their homes in east Jerusalem by Israeli authorities. (AP Photo/Bernat Armangue, File)

FILE - Former president of Ireland Mary Robinson, background right, looks at former U.S. President Jimmy Carter, center, while visiting a weekly protest in the east Jerusalem neighborhood of Sheikh Jarrah, on Oct. 22, 2010. The protest was organized by groups supporting Palestinians evicted from their homes in east Jerusalem by Israeli authorities. (AP Photo/Bernat Armangue, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga, on June 8, 2014. (AP Photo/John Bazemore, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga, on June 8, 2014. (AP Photo/John Bazemore, File)

FILE - Chinese Vice Premier Deng Xioaping and President Jimmy Carter smile as they face photographers in the Oval Office in Washington on Jan. 29, 1979. (AP Photo, File)

FILE - Chinese Vice Premier Deng Xioaping and President Jimmy Carter smile as they face photographers in the Oval Office in Washington on Jan. 29, 1979. (AP Photo, File)

FILE - President Jimmy Carter and Polish First Secretary Edward Gierek shake hands after their formal talks in Warsaw on Dec. 30, 1977. (AP Photo, File)

FILE - President Jimmy Carter and Polish First Secretary Edward Gierek shake hands after their formal talks in Warsaw on Dec. 30, 1977. (AP Photo, File)

FILE - Former President Jimmy Carter, center, listens to a speech by former President of Costa Rica Rodrigo Carazo Odio, right, at the opening of the Joan B. Kroc Institute For Peace and Justice on the campus of the University of San Diego, in San Diego, on Dec. 6, 2001. (AP Photo/Denis Poroy, File)

FILE - Former President Jimmy Carter, center, listens to a speech by former President of Costa Rica Rodrigo Carazo Odio, right, at the opening of the Joan B. Kroc Institute For Peace and Justice on the campus of the University of San Diego, in San Diego, on Dec. 6, 2001. (AP Photo/Denis Poroy, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Nov. 3, 2019. (AP Photo/John Amis, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Nov. 3, 2019. (AP Photo/John Amis, File)

FILE - President Jimmy Carter and Rosalynn Carter chat with Rev. Charles Trentham as they leave the First Baptist Church in Washington on March 20, 1977. (AP Photo/Charles W. Harrity, File)

FILE - President Jimmy Carter and Rosalynn Carter chat with Rev. Charles Trentham as they leave the First Baptist Church in Washington on March 20, 1977. (AP Photo/Charles W. Harrity, File)

FILE - Democratic nominee Jimmy Carter shakes hands with church-goers outside the Plains Baptist Church, in Plains, Ga., on July 18, 1976. (AP Photo/Peter Bregg, File)

FILE - Democratic nominee Jimmy Carter shakes hands with church-goers outside the Plains Baptist Church, in Plains, Ga., on July 18, 1976. (AP Photo/Peter Bregg, File)

FILE - Georgia Democratic Gov. Jimmy Carter officially announces his candidacy for president in Atlanta on Dec. 12, 1974. (AP Photo/BJ, File)

FILE - Georgia Democratic Gov. Jimmy Carter officially announces his candidacy for president in Atlanta on Dec. 12, 1974. (AP Photo/BJ, File)

FILE - Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin, stand at attention as the national anthems of their respective countries are played on the north lawn of the White House in Washington, on Feb. 24, 1979. (AP Photo, File)

FILE - Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin, stand at attention as the national anthems of their respective countries are played on the north lawn of the White House in Washington, on Feb. 24, 1979. (AP Photo, File)

FILE - Former President Jimmy Carter teaches Sunday School class at Maranatha Baptist Church in his hometown on Aug. 23, 2015, in Plains, Ga. (AP Photo/David Goldman, File)

FILE - Former President Jimmy Carter teaches Sunday School class at Maranatha Baptist Church in his hometown on Aug. 23, 2015, in Plains, Ga. (AP Photo/David Goldman, File)

“We finally got an agreement because we all shared faith in the same God,” Carter told biographer Jonathan Alter, as he traced his Christianity, Begin’s Judaism and Sadat’s Islam to their common ancestor in each religion’s sacred texts. “We all considered ourselves the sons of Abraham.”

Carter, who died Sunday at 100, was widely known as a man of faith, especially after his long post-presidency became defined by images of the Baptist Sunday School teacher building homes for low-income people and fighting diseases across the developing world.

Yet beyond piety and service, the Georgia Democrat stood out from his earliest days on the national stage with unusually prolific, nuanced explanations of his beliefs. Carter quoted Jesus and famous theologians and connected it all to his policy pursuits, living out his own definition of what it means to be a self-professed Christian in American politics.

“Most people go to Washington in search of their own power,” said David Gergen, a White House adviser to four presidents. “Carter went to Washington in search of our national soul. That doesn’t mean those others didn’t have good intentions, but for Jimmy Carter it just seemed like a different purpose.”

As a candidate in 1976, Carter described himself as a “born-again Christian.” Based on the New Testament, the reference is routine for many Protestants in the South who believe following Jesus means adopting a new version of oneself. To national media and voters unfamiliar with evangelical lexicon, it made Carter a curiosity.

“We saw ourselves as being very much cultural outcasts” as evangelicals in the mid-1970s, said Dartmouth College professor Randall Balmer, who has written extensively on Carter’s faith. The evangelical movement had not yet become a political force mostly aligned with Republicans, and “to have someone use our language to describe himself and still be taken seriously as a presidential candidate,” Balmer said, “was startling, really.”

Carter used the presidency to elevate human rights in U.S. foreign policy, champion environmental conservation and resist military conflict. He criticized American greed and consumerism. He proselytized to other world leaders.

Carter continued the approach for decades thereafter through The Carter Center and its global efforts on peace, democracy and public health. Into his 90s, Carter criticized American militarism and noted one of Jesus’s Biblical monikers: “Prince of Peace.”

“He carried his faith with him every minute of every day, and he put it to use every single minute of every single day,” said Jill Stuckey, a Plains resident and longtime friend of Carter and his wife, Rosalynn, who died in November 2023 at 96.

U.S. Transportation Secretary Pete Buttigieg attended some of Carter’s church lessons in Plains, Georgia, and sought the former president’s counsel during his own campaign in 2020. He said Carter elevated faith beyond partisan divisions.

“There are a lot of conservatives who seem to use the Bible almost as a weapon or a cudgel, and there are a lot of liberals who seem to use faith mostly as a way to desperately signal that they’re not bad people,” Buttigieg told The Associated Press. “President Carter demonstrated a third thing — faith that calls you to make yourself useful to others.”

Carter’s unabashed evangelism was an outlier in a Democratic Party that grew more secular and pluralistic during his public life. Yet Carter advocated “absolute and total separation of church and state” and opposed public money for religious schools. He admired the Rev. Billy Graham personally, but called it “inappropriate” to invite the nation’s leading evangelical to lead White House prayer services, as Graham did for previous administrations.

Carter further distinguished himself from many evangelicals by criticizing Israel’s treatment of Palestinians and taking liberal stances on race relations, women’s rights and, as he grew older, LGBTQ rights. He once described feeling shocked when a “high official” in the Southern Baptist Convention told him in the Oval Office that “we are praying, Mr. President, that you will abandon your secular humanism as your religion.”

By his later years, Carter “was happy with the label of ‘progressive evangelical,’” Balmer said.

Carter grew up as the son of a deacon in the Southern Baptist Convention, a conservative denomination founded before the Civil War as a regional splinter group that supported slavery. He did not openly question his father’s segregationist views or the white supremacist origins of his denomination, and he didn’t yet consider himself an evangelical as a young man. But he had exposure to Black evangelical traditions by occasionally visiting St. Mark AME Church, the congregation of the tenant farming families that worked his father’s land.

“I could see spirit, sincerity and fervor in their worship services that we lacked in our church in Plains,” Carter once wrote.

Decades later, during the Civil Rights Movement, Carter urged his Plains congregation to allow integrated worship, but he and Rosalynn stood virtually alone. Carter was a state senator by then, and notably did not offer such explicit integration advocacy beyond church walls.

After his failed bid for governor in 1966, Carter was “disillusioned with politics and life in general,” he wrote. His sister Ruth, a well-known evangelist and faith healer, persuaded him to go on “pioneer missions.” The future president knocked on doors to share the gospel in Pennsylvania and in Spanish-speaking neighborhoods of Massachusetts. He came to see these sojourns as a catalyst to “apply my Christian faith much more regularly to my secular life.”

Carter even got to share his Christianity with Bob Dylan, in a one-on-one session the iconic folksinger sought with the Georgia governor in 1971.

In 1977, during his first foreign trip as president, Carter was invited by Edward Gierek, Poland’s top leader under Moscow’s Soviet control, to speak without their aides present, Carter later recalled. Gierek was “somewhat ill at ease” while explaining that he was an atheist in conformity with the Kremlin, but wanted to learn about Christianity. So Carter shared some Christian principles, and “asked him if he would consider accepting Jesus Christ as his personal savior.”

Gierek replied that he could not make a public declaration, and “I never knew what his decision was,” Carter later wrote. But in 1979, Gierek rebuffed Moscow’s orders by allowing newly elected Pope John Paul II to visit his native Poland. The Kremlin deposed Gierek in 1980, but that visit became a seminal moment in John Paul’s papacy and his efforts to break the Soviet Union.

At a White House dinner, Carter pressed Chinese leader Deng Xiaoping to allow freedom of worship and Bible ownership and admit American missionaries. Xiaoping allowed the first two but not the latter. Carter in 2018 noted projections that China, by 2025, will have more Protestants than America.

And at Camp David, Carter prayed often and talked openly of faith with Begin and Sadat, unpacking ancient animosities between their religions.

When the Carters left the White House in 1981, having had enough of the lingering racial tensions at Plains Baptist Church, they transferred to nearby Maranatha Baptist Church, Balmer said. Carter’s hometown funeral will take place there after his state service at Washington’s National Cathedral.

Carter disaffiliated from Southern Baptists two decades later, at the age of 76, because the denomination’s leadership, he said, demeaned women as subservient to men in the home, church and wider society. Carter remained at Maranatha, noting that the congregation’s deacons were divided about evenly between the sexes.

“There is one incontrovertible act concerning the relationship between Jesus Christ and women,” Carter explained in his final book, “Faith,” published in 2018. “He treated them as equal to men, which was dramatically different from the prevailing custom of the times.”

Carter had a slower shift on LGBTQ matters. In a 1976 campaign interview with Playboy magazine, he said he considered sexual relations outside of marriage a sin and, thus, could not easily reconcile homosexuality. The answer did not contemplate same-sex marriage as a legitimate civil or religious institution.

As his 75th wedding anniversary approached in 2021, however, Carter had a different view on government- and church-sanctioned marriage for same-sex couples. “I don’t have any opposition it,” he told AP, declaring himself “very liberal” on any issue “that relates to human rights.” Sexuality “will continue to be divisive” within Christianity, he predicted, “but the church is evolving.”

Buttigieg, an Episcopalian whose same-sex marriage is recognized by his church, said Carter’s willingness to be open about his faith, in all its complexity, provides a “tremendous example” for “a generation of Christians who don’t believe that God belongs to any political party.”

The Rev. Bernice King, the daughter of slain civil rights leader Martin Luther King Jr., praised Carter as a “man of peace and compassion” and argued that for all his books and expositions and Sunday School lessons, the Baptist from Plains hewed to a simple faith.

“He looked at the life of Jesus Christ and how Christ interfaced and interacted with people,” King said. “He wrestled with that as a leader. I think he took serious: ‘What would Jesus do? ... What would somebody that is love-centered do?’”

This name of a former Chinese leader has been corrected to Deng Xiaoping. The last name was spelled incorrectly in previous versions as Xioaping and Xiaping.

FILE - Dr. Martin Luther King Sr., Rosalynn Carter, President Jimmy Carter, Coretta Scott King, Christine Parris King, sister of the late Dr. King, and U.N. Ambassador Andrew Young sing during a reception honoring friends of the Martin Luther King Jr. Center for Social Change in Washington on Oct. 3, 1978. (AP Photo/Barry Thumma, File)

FILE - Dr. Martin Luther King Sr., Rosalynn Carter, President Jimmy Carter, Coretta Scott King, Christine Parris King, sister of the late Dr. King, and U.N. Ambassador Andrew Young sing during a reception honoring friends of the Martin Luther King Jr. Center for Social Change in Washington on Oct. 3, 1978. (AP Photo/Barry Thumma, File)

FILE - Day breaks over the Maranatha Baptist Church in Plains, Ga., on Nov. 29, 2023. (AP Photo/Alex Brandon, File)

FILE - Day breaks over the Maranatha Baptist Church in Plains, Ga., on Nov. 29, 2023. (AP Photo/Alex Brandon, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Sept. 25, 2009. (AP Photo/John Bazemore)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Sept. 25, 2009. (AP Photo/John Bazemore)

FILE - Former president of Ireland Mary Robinson, background right, looks at former U.S. President Jimmy Carter, center, while visiting a weekly protest in the east Jerusalem neighborhood of Sheikh Jarrah, on Oct. 22, 2010. The protest was organized by groups supporting Palestinians evicted from their homes in east Jerusalem by Israeli authorities. (AP Photo/Bernat Armangue, File)

FILE - Former president of Ireland Mary Robinson, background right, looks at former U.S. President Jimmy Carter, center, while visiting a weekly protest in the east Jerusalem neighborhood of Sheikh Jarrah, on Oct. 22, 2010. The protest was organized by groups supporting Palestinians evicted from their homes in east Jerusalem by Israeli authorities. (AP Photo/Bernat Armangue, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga, on June 8, 2014. (AP Photo/John Bazemore, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga, on June 8, 2014. (AP Photo/John Bazemore, File)

FILE - Chinese Vice Premier Deng Xioaping and President Jimmy Carter smile as they face photographers in the Oval Office in Washington on Jan. 29, 1979. (AP Photo, File)

FILE - Chinese Vice Premier Deng Xioaping and President Jimmy Carter smile as they face photographers in the Oval Office in Washington on Jan. 29, 1979. (AP Photo, File)

FILE - President Jimmy Carter and Polish First Secretary Edward Gierek shake hands after their formal talks in Warsaw on Dec. 30, 1977. (AP Photo, File)

FILE - President Jimmy Carter and Polish First Secretary Edward Gierek shake hands after their formal talks in Warsaw on Dec. 30, 1977. (AP Photo, File)

FILE - Former President Jimmy Carter, center, listens to a speech by former President of Costa Rica Rodrigo Carazo Odio, right, at the opening of the Joan B. Kroc Institute For Peace and Justice on the campus of the University of San Diego, in San Diego, on Dec. 6, 2001. (AP Photo/Denis Poroy, File)

FILE - Former President Jimmy Carter, center, listens to a speech by former President of Costa Rica Rodrigo Carazo Odio, right, at the opening of the Joan B. Kroc Institute For Peace and Justice on the campus of the University of San Diego, in San Diego, on Dec. 6, 2001. (AP Photo/Denis Poroy, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Nov. 3, 2019. (AP Photo/John Amis, File)

FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga., on Nov. 3, 2019. (AP Photo/John Amis, File)

FILE - President Jimmy Carter and Rosalynn Carter chat with Rev. Charles Trentham as they leave the First Baptist Church in Washington on March 20, 1977. (AP Photo/Charles W. Harrity, File)

FILE - President Jimmy Carter and Rosalynn Carter chat with Rev. Charles Trentham as they leave the First Baptist Church in Washington on March 20, 1977. (AP Photo/Charles W. Harrity, File)

FILE - Democratic nominee Jimmy Carter shakes hands with church-goers outside the Plains Baptist Church, in Plains, Ga., on July 18, 1976. (AP Photo/Peter Bregg, File)

FILE - Democratic nominee Jimmy Carter shakes hands with church-goers outside the Plains Baptist Church, in Plains, Ga., on July 18, 1976. (AP Photo/Peter Bregg, File)

FILE - Georgia Democratic Gov. Jimmy Carter officially announces his candidacy for president in Atlanta on Dec. 12, 1974. (AP Photo/BJ, File)

FILE - Georgia Democratic Gov. Jimmy Carter officially announces his candidacy for president in Atlanta on Dec. 12, 1974. (AP Photo/BJ, File)

FILE - Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin, stand at attention as the national anthems of their respective countries are played on the north lawn of the White House in Washington, on Feb. 24, 1979. (AP Photo, File)

FILE - Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin, stand at attention as the national anthems of their respective countries are played on the north lawn of the White House in Washington, on Feb. 24, 1979. (AP Photo, File)

FILE - Former President Jimmy Carter teaches Sunday School class at Maranatha Baptist Church in his hometown on Aug. 23, 2015, in Plains, Ga. (AP Photo/David Goldman, File)

FILE - Former President Jimmy Carter teaches Sunday School class at Maranatha Baptist Church in his hometown on Aug. 23, 2015, in Plains, Ga. (AP Photo/David Goldman, File)

NEW YORK (AP) — Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday.

The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession that hurts everyone. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.

The drop closed the worst week for the S&P 500 since March 2020, when the pandemic crashed the economy. The Dow Jones Industrial Average plunged 2,231 points, or 5.5% Friday, and the Nasdaq composite tumbled 5.8% to pull more than 20% below its record set in December.

So far there have been few, if any, winners in financial markets from the trade war. Stocks for all but 12 of the 500 companies that make up the S&P 500 index fell Friday. The price of crude oil tumbled to its lowest level since 2021. Other basic building blocks for economic growth, such as copper, also saw prices slide on worries the trade war will weaken the global economy.

China’s response to U.S. tariffs caused an immediate acceleration of losses in markets worldwide. The Commerce Ministry in Beijing said it would respond to the 34% tariffs imposed by the U.S. on imports from China with its own 34% tariff on imports of all U.S. products beginning April 10. The United States and China are the world’s two largest economies.

Markets briefly recovered some of their losses after the release of Friday morning’s U.S. jobs report, which said employers accelerated their hiring by more last month than economists expected. It’s the latest signal that the U.S. job market has remained relatively solid through the start of 2025, and it’s been a linchpin keeping the U.S. economy out of a recession.

But that jobs data was backward looking, and the fear hitting financial markets is about what’s to come.

“The world has changed, and the economic conditions have changed,” said Rick Rieder, chief investment officer of global fixed income at BlackRock.

The central question looking ahead is: Will the trade war cause a global recession? If it does, stock prices will likely need to come down even more than they have already. The S&P 500 is down 17.4% from its record set in February.

Trump seemed unfazed. From Mar-a-Lago, his private club in Florida, he headed to his golf course a few miles away after writing on social media that “THIS IS A GREAT TIME TO GET RICH.”

The Federal Reserve could cushion the blow of tariffs on the economy by cutting interest rates, which can encourage companies and households to borrow and spend. But the Fed may have less freedom to move than it would like.

Fed Chair Jerome Powell said Friday that tariffs could also drive up expectations for inflation. That could prove more damaging than high inflation itself, because it can drive a vicious cycle of behavior that only worsens inflation. U.S. households have already said they’re bracing for sharp increases to their bills.

“Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said.

That could indicate a hesitance to cut rates because lower rates can give inflation more fuel.

Much will depend on how long Trump’s tariffs stick and what kind of retaliations other countries deliver. Some of Wall Street is holding onto hope that Trump will lower the tariffs after prying out some “wins” from other countries following negotiations.

Trump has given mixed signals on that. On Friday, he said an official from Vietnam said his country already “wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S.” Trump also criticized China’s retaliation, saying on his Truth Social platform that “CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!”

Trump has said Americans may feel “some pain” because of tariffs, but he has also said the long-term goals, including getting more manufacturing jobs back to the United States, are worth it. On Thursday, he likened the situation to a medical operation, where the U.S. economy is the patient.

“For investors looking at their portfolios, it could have felt like an operation performed without anesthesia,” said Brian Jacobsen, chief economist at Annex Wealth Management.

But Jacobsen also said the next surprise for investors could be how quickly tariffs get negotiated down. “The speed of recovery will depend on how, and how quickly, officials negotiate,” he said.

On Wall Street, stocks of companies that do lots of business in China fell to some of the sharpest losses.

DuPont dropped 12.7% after China said its regulators are launching an anti-trust investigation into DuPont China group, a subsidiary of the chemical giant. It’s one of several measures targeting American companies and in retaliation for the U.S. tariffs.

GE Healthcare got 12% of its revenue last year from the China region, and it fell 16%.

All told, the S&P 500 fell 322.44 points to 5,074.08. The Dow Jones Industrial Average dropped 2,231.07 to 38,314.86, and the Nasdaq composite fell 962.82 to 15,587.79.

In stock markets abroad, Germany’s DAX lost 5%, France’s CAC 40 dropped 4.3% and Japan’s Nikkei 225 fell 2.8%.

In the bond market, Treasury yields fell, but they pared their drops following Powell’s cautious statements about inflation. The yield on the 10-year Treasury fell to 4.01% from 4.06% late Thursday and from roughly 4.80% early this year. It had gone below 3.90% in the morning.

AP Writers Jiang Junzhe, Huizhong Wu and Matt Ott contributed.

Trader Christopher Lagana works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Christopher Lagana works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Robert Charmak works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Robert Charmak works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Traders Jonathan Muller, left, and Michael Capolino work on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Traders Jonathan Muller, left, and Michael Capolino work on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Mark Muller and Specialist James Denaro work on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Mark Muller and Specialist James Denaro work on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Anthony Carannante works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Anthony Carannante works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Peter Mancuso works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Peter Mancuso works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Traders work in their booth on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Traders work in their booth on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Specialist Michael Pistillo works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Specialist Michael Pistillo works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Vincent Napolitano works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Trader Vincent Napolitano works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Specialist Anthony Matesic works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

Specialist Anthony Matesic works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP Photo/Richard Drew)

US President Donald Trump appears on a television screen at the stock market in Frankfurt, Germany, Thursday, April 3, 2025. (AP Photo/Michael Probst)

US President Donald Trump appears on a television screen at the stock market in Frankfurt, Germany, Thursday, April 3, 2025. (AP Photo/Michael Probst)

Robert Greason works on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP Photo/Seth Wenig)

Robert Greason works on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP Photo/Seth Wenig)

A screen displays financial news as traders work on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP Photo/Seth Wenig)

A screen displays financial news as traders work on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP Photo/Seth Wenig)

A screen displays financial news as traders work on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP Photo/Seth Wenig)

A screen displays financial news as traders work on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP Photo/Seth Wenig)

Recommended Articles
Hot · Posts