Changes

In the [[United States]], MFN status is also called normal trade relations.

In the [[United States]], MFN status is also called normal trade relations.

The members of the [[World Trade Organization]], which include all developed nations, accord each other most favored nation status. In other words, although its name implies favoritism toward another nation, it denotes the equal treatment of all countries.

Under [[World Trade Organization]] (WTO) rules, which include all developed nations, each member grants all members most favored nation status. If a nation reduces tariffs by 5% for one nation, the MFN clause states that all WTO members will have their tariffs cut by 5% into that nation.  In other words, although its name implies favoritism toward another nation, it denotes the equal or non-discriminatory treatment of all countries.<ref>https://www.investopedia.com/terms/m/mostfavorednation.asp</ref>  This approach is a cornerstone of [[globalism]].

==China==

==China==