Summary: TEHRAN (FNA)- China will cut import tariffs for some consumer products from most favored nations from July 1, the finance ministry said.
It will also scrap temporary tariff rates on 210 imported products from most favored nations from July 1.
Recently in an antitrust class action case against several large vitamin manufactures, the defendants used a "Reverse Most Favored Nations Clause." In Re: Vitamin Antitrust Litigation 398 F.
Until a few years ago, the term "Most Favored Nation" was a phrase restricted primarily to the world of international trade.
On the other hand, of course, it could be that the Defendant chooses to go to trial against other Plaintiffs in which case the amount of the judgment would not effect an earlier Plaintiff's settlement under the concept of Most Favored Nation. Additionally, if the Plaintiff actually has a strong case, an MFN clause is unlikely to do him any good since other settlements will presumably be at or below the same amount.
On the one hand, arbitrator Fred Witney decided that a so-called "most favored nations" contract clause allowed Sun-Times management to take control of substitute printers hiring and to limit the union's jurisdiction to manual pasteup work.
The Sun-Times had argued it could impose the work and hiring restrictions and pay cuts under the most favored nations contract clause that permitted management to impose whatever contract concessions the Tribune could wrest from its typographers.
IF YOU KNEW WHAT SUNUNU If you knew what Sununu Knows about quantum physics and Greek And oil explorations and most favored nations
And the secret handshake of Deke, Maybe you too, like Sununu, Would adopt as your principal nile That you are the brightest, you're lit the lightest, A nd everyone else is a fool With the I.Q.