(NewsNation) — A survey of more than 300 American business owners and CEOs between April 8 and 10 revealed that 76% of the group believe tariffs will hurt their companies.

Conducted by Chief Executive magazine, 67% of those surveyed did not agree with President Trump’s tariffs.

According to the outlet, it was also the lowest confidence they had in the business market since the onset of the pandemic in 2020.

On a scale of 1 to 10, where 1 represents “poor” and 10 means “excellent,” the 329 surveyed participants ranked the current business climate at 4.6, down from 5.0 in March.

“Tariffs and the uncertainty of next steps that will be taken by President Trump will lead to very difficult economic times over the next year or two,” Mitchell Metal Products President and CEO Tim Zimmerman told the magazine.

Donald H. Lloyd II, president and CEO of St. Claire HealthCare, told the outlet, “This uncertainty needs to stop.

“I support tariffs but believe they need to be applied strategically, not globally,” he added.