A more thorough explanation:

Most-favored-nation status is a treaty status granted to a nation, usually in international trade, that allows it to enjoy the same privileges that the other party accords to other nations under similar circumstances. This means that a country with most-favored-nation status will receive the same treatment as the most favored nation in terms of trade tariffs and other benefits.

For example, if Country A grants Country B most-favored-nation status, then Country B will receive the same trade tariffs and benefits as the most favored nation that Country A has a trade agreement with. This means that Country B will not have to pay higher tariffs than other nations and will receive the same benefits as the most favored nation.

Another example is if Country C has a trade agreement with Country D that grants most-favored-nation status, then Country D will receive the same benefits as any other nation that has a trade agreement with Country C. This means that Country D will not be discriminated against and will receive the same treatment as other nations.

These examples illustrate how most-favored-nation status works in international trade and how it helps to promote fair and equal treatment among nations.