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Text size Workers upload plywood that will be exported on a cargo ship at a port in Lianyungang in China's eastern Jiangsu province on May 7, 2020. AFP/Getty Images Six months (and a lifetime) ago, most people had never heard of Covid-19, unemployment was at historic lows, and President Trump had just signed the Phase I trade deal with China. At the time,BofA Global Research published a study in which we argued that supply chains were shifting.
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