Not exact matches
Once you understand the full scope of its effects, you'll need to determine what additional costs or other hurdles your company would face in each scenario: the continuation of NAFTA, trade under the CPTPP or a bilateral Canada-U.S. free trade agreement, trade under the WTO most favoured
nation status, or any additional
tariffs or regulations that may be implemented.
But in a worst - case scenario where the US scuttles NAFTA, passenger vehicle exports from Mexico to the US, given Mexico's most - favored -
nation trade
status, would incur only a 2.5 %
tariff rate.
On May 19, President Clinton renewed Most Favored
Nation (MFN) trading
status with China, meaning that the country receives the same
tariff rates on imported goods as any other regular trading partner.