Economists are largely opposed to the Trump tariffs — now applied to more than $300 billion worth of imports — because they are a tax on business activity that gives the government too much control over business decisions.

But business owners are split — with some opposed to the tariffs, and some delighted.

A Yahoo Finance survey of business operators conducted Sept. 18-19 found that 38% expect the Trump tariffs to have an “extremely positive” effect on their company, while 11% expect the tariffs to have a “somewhat positive” effect. So combined, 49% expect the net effect to be favorable.

Only 23% say the tariffs will have an “extremely negative” effect on their businesses, with another 13% expecting a “somewhat negative” effect.” That’s 36%, combined, who expect negative consequences from the tariffs.

Overall, 1,098 people completed the poll, posted online at Yahoo Finance and conducted via SurveyMonkey. Nearly three-quarters of the respondents described themselves as business owners, with 17% saying they’re executives and 4% identifying themselves as board members.

About 38% of respondents described their companies as small businesses earning less than $1 million in annual revenue. Thirteen percent of their companies earn more than $100 million. Respondents covered every major industry sector, with manufacturing accounting for 19% of responses, followed by retail or wholesale trade (17%), finance (12%), and technology (11%).

Business owners are more supportive of President Donald Trump than the overall public, with 59% of respondents in our survey saying they approve of Trump, and 31% disapproving. In Gallup’s latest national poll, Trump’s approval rating was much lower, at 38%, while his disapproval rating was much higher, at 56%.

In open-ended comments, business owners who support the tariffs generally indicated that their sales are rising or expected to rise because cheaper foreign products they compete with are getting more expensive. Some respondents supporting the tariffs were upbeat simply because business is good, or because the Trump tax cuts have boosted profits (which is not what we asked about).

Of those saying the tariffs are bad for business, many cited higher costs for raw materials or finished products coming from China and other countries subject to the new tariffs. Some of those respondents said they’re having trouble passing the higher costs onto their customers. And a few said they might go out of business. Others opposed to the tariffs are struggling to export products to countries that have placed retaliatory tariffs on U.S. exports, in response to Trump’s tariffs on imports from those countries.