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.
The implementation of tariffs greatly increased in the US during the 1920s to protect newly formed industries.The tariffs that were created during this time period include the Fordney McCumber Tariff of 1922, the Emergency Tariff Act of 1921, and the Smoot Hawley tariff. tariff is a tax that is placed on an imported good. A tariff is a tax on an imported good. Therefore for each unit of a good that is imported into a country the tariff in â¦ creases the price of that good by however much the tariff is.