What economic status can the US grant to countries that allows them to pay the same taiffs as other countries with the same status?

Answer 1

The economic status that the U.S. can grant to countries, allowing them to pay the same tariffs as other countries with the same status, is called "Most-Favored-Nation" (MFN) status. Under this principle, countries that receive MFN treatment are entitled to the lowest tariff rates and trade advantages that the U.S. offers to any other country. This status is part of international trade agreements aimed at promoting fair and equal trade practices.