Texas, along with other U.S. states, has paused the reopening of the state’s economy in response to the further spread of COVID-19. So far deeper industrial lockdowns with implications for supply chains are not being contemplated, though that could change. International trade activity in Texas dropped 33.4% lower in April compared to a year earlier with exports down 31.4% and imports off by 35.6% . Both represented a faster rate of decline than the national average. That’s in part due to the state’s high reliance on oil and gas products in its export mix at 38.3% of total exports in the ...