Page "Smoot–Hawley Tariff Act" Paragraph 18

According to government statistics, U. S. imports from Europe decreased from a 1929 high of $ 1, 334 million to just $ 390 million during 1932, while U. S. exports to Europe decreased from $ 2, 341 million in 1929 to $ 784 million in 1932.

Overall, world trade decreased by some 66 % between 1929 and 1934.