<human>:  What is the impact of the current US-China trade war?
<bot>: The current US-China trade war has had a significant negative impact on both countries' economies. Tariffs imposed by both countries on each other's imports have resulted in higher prices and disruption of global supply chains. The uncertainty created by the tariffs and the lack of predictability in US-China relations has had a chilling effect on global trade and investment. Additionally, the trade war has had a negative impact on consumer confidence, stock markets and global growth.