Bot GPT 4-o mini Most-favored-nation (MFN) status refers to a trade status granted by one country to another that allows the latter to receive the same trade advantages, such as lower tariffs, as the best trading partner of the former country.
In the context of your options, the most accurate explanation of MFN status is:
A country pays the same tariffs as those paid by all MFN countries.
This means that if a country has MFN status with the U.S., it will not face higher tariffs than those imposed on any other MFN country, promoting equality in trade tariffs among MFN nations.
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