Yes the movement of manufactured goods internationally by sea would be hugely disrupted by mid-'97. And goods manufactured in China would pretty much have ceased to exist. Exports from Japan and Taiwan would massively jump in price with the combined impacts of restricted shipping, huge fuel costs, maritime insurance somewhere between difficult and impossible to obtain, and the manufacturers themselves having having a hard time getting raw materials and paying exorbitant prices for them.
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 "It is better to be feared than loved" - Nicolo Machiavelli
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