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A worker inspects wheel hubs at a factory in the Jiangsu Province of China. Photo: VCG/VCG via Getty Images

Businesses are not abandoning China in droves as a result of President Trump's trade war. But business leaders are annoyed and making changes.

By the numbers: In a recent Bain & Co. survey of more than 200 senior executives at U.S. multinational companies with operations in China, 60% of respondents executives largely support tariffs on China — while 60% also said they expect their business to face cost headwinds due to the U.S. tariffs on Chinese goods.

The big picture: Few of the executives think China's retaliatory tariffs are "fair" and most don't like the tariffs' results.

  • More than 65% of electronics and industrial manufacturers believe they will see negative impacts.
  • Only 40% of respondents believed that the tariffs would ultimately lead to more U.S. jobs.

In the next 12 months, more than 40% of the executives said their companies planned to take actions like finding new sourcing partners and new regions to source raw materials.

  • 39% said they will look to renegotiate supplier contracts.
  • 33% said they planned to pass costs on to customers.

Go deeper: Trump delays tariff hike after "substantial progress" with China

Go deeper

Updated 5 hours ago - Technology

From Malcolm X to "Free Britney," new media shapes the justice system

Illustration: Shoshana Gordon/Axios

True crime documentaries, podcasts and social media campaigns are bringing new attention to real-world legal proceedings — and are often affecting the outcome.

Why it matters: New media platforms can instantly put a national spotlight on cases that have long been forgotten or buried under red tape.

Updated 8 hours ago - Health

The next big bottleneck in the global vaccination effort

Illustration: Rae Cook/Axios

The world still needs more coronavirus vaccines, but an additional bottleneck has emerged in many low-income countries: They need help getting shots in arms.

Why it matters: Increasing vaccination rates across the world is both a humanitarian necessity and the best way to prevent dangerous new variants from emerging, but it increasingly requires complex problem-solving.

Updated 8 hours ago - Health

COVID-19 Omicron variant cases identified in Europe, U.K.

People wearing masks walk in London on Nov. 25. Photo: Li Ying/Xinhua via Getty Images

Health officials in the United Kingdom, Italy and Germany announced on Saturday that they've detected the first known cases of the new COVID-19 Omicron variant.

Why it matters: The discoveries come as the world scrambles to respond to concerns over the new variant, discovered in South Africa earlier this week.