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.
Tariff of 1828 a protective tariff passed by the U.S. Congress that came to be known as the Tariff of Abominations to its Southern detractors because of the effects it had on the Antebellum Southern economy; it was the highest tariff in U.S. peacetime and its goal was to protect industry in the northern United States from competing European goods by increasing the prices of European products.