U.S. and European firms face $1 trillion in costs to relocate their Chinese supply chains, BofA says

Foreign firms looking to move their manufacturing processes outside of China in the wake of coronavirus could face $1 trillion in costs over five years, according to new Bank of America research.

Read more at https://www.cnbc.com/2020/08/18/bofa-us-european-firms-face-1-trillion-to-relocate-china-supply-chains.html