a third country can have the same tariff reductions that the U.S. negotiates with another country.
Explanation:
The most favored nation is a clause that the United States sets on their economic agreements that states that the benefits in tariffs that a nation negotiaties with the United States shall be also offered to the other nations that are members of the World Trade Organization (WTO), this is in order to create an equal treatment of other countries members of the WTO that do not have the same bargain power as the big countries.
The term autocrat was formerly coined as a favorable feature of the ruler, and now the term autocracy represents the system of government in which social and political power is concentrated in the hands of one person.
