If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account whose aggregate value exceeded $10,000 at any time during 2015, you meet the FBAR filing requirements.
Definition: Tariff War Tariff War usually refers to the war in trade tariffs that countries levy upon each other so as to discourage exports from one another and create trade benefits for self. Tariff Wars are also referred to as âcustoms warâ.
A tariff is a tax on an imported good. Therefore for each unit of a good that is imported into a country the tariff increases the price of that good by however much the tariff is.Tariffs are usually implemented when the world price of a good is lower than the domestic price of a good.nswer Tariffs are a tax on importation, when you import a product over to a different country you have to pay a Tariff which is also known as a Tax when it first arrives in the country. Tariffs make the product your importing more expensive.