Merchants should give more Force Limits

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imo the trade system is broken (or at least badly designed) if being the prime maritime power in the world doesn't increase your trade income enough to make a large fleet profitable.
With enough light ships you can re-route most of the New World trade to your home node. England does only need to colonize the American East Coast to control Chesapeake Bay and then they can use their fleet to re-reoute trade from the Carribean. Works like a charm.
 

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Wait, are you saying those bonuses are "identical" and thus you don't benefit?
Because you get them additionally. On top. Aka twice.
Yes, they stack.

But I'd tend to agree:
Thanks to the completely OP "Grand Navy" NI, the Serenissima are probably better off with Naval instead of Trade as their first choise.