It was a tough year for the Texans. An unprecedented winter storm has left millions of people without power in freezing temperatures. The COVID-19 recession has caused demand for oil and gas to plummet, sending shockwaves through the energy sector. And the virus itself has claimed the lives of more than 43,000 Texans and destroyed more than 680,000 jobs.
But better days are ahead, thanks in large part to Texas’ outsized role in international trade. Trade supports approximately 3.5 million jobs in Texas and accounted for 33% of the state’s GDP in 2019. And as long as the federal government ensures a level playing field for Texas businesses, trade will rejuvenate the economy and put people back at work.