Word: mfn
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...reserved special scorn for members of his own party-including the frontrunner for the GOP nomination, Texas Gov. George W. Bush-who support continued Most Favored Nation (MFN) status for China...
Among the contenders for the Republicanpresidential nomination, several of the candidatesconsidered more moderate, like John McCain andBush, support continuation of MFN status(technically renamed Normal Trade Relations statuslast year, but still commonly referred to by itsold name). More conservative candidates, likeBauer and Patrick J. Buchanan oppose the Clintonadministration's policy...
However, according to the Bureau of Public Affairs, MFN status is really a misnomer. It is not a privileged status, but a name for ordinary tariff treatment given to many nations...
...Denying MFN would hurt the United States--our jobs, exports, and investments in China...and [with certain retaliation], many of the approximately 175,000 high-paying export jobs related to US trade would disappear," Bereuter said in a speech a few days after the extension of MFN to China this year...
...have many multinationals that want to do business with China, and inasmuch as I hate to quote Pat Buchanan, I think he was right when he said 'When it comes to MFN, Republicans love money more than they hate tyranny.' They'd do business with everyone, but at some point you've got to say no," Woodhead says...