You are an exporter of, I don't know let's say wool, and your shipments to a mill in China are arbitrarily suspended on a political whim from Beijing. Let's say you then find an alternative mill in India willing to give you a similar price. You're not going to go back to the Chinese buyers as you've been burned.
So who is the loser in this scenario? China. The Australian wool exporter is still selling his product over the long term, even if he had a short term disruption. The Indian mill now has greater market share. And China has lost out business.
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