Uncertainty is proving to be a major obstacle to President Donald Trump’s plans to revive the industrial sector as CEOs balk at making U.S. investments, according to a recent survey.

During a closed-door gathering Wednesday of top executives that was organized by the Yale School of Management, attendees were asked if they planned to invest more in U.S. manufacturing and infrastructure—and 62% said no.

Yale management professor Jeffrey Sonnenfeld told the Wall Street Journal that tariffs, immigration crackdown and economic worries have eroded their confidence about making new investments.

“They’re holding back doing anything,” he said.

Other findings from the poll showed that 71% believe tariffs have been harmful to their businesses, and about three-fourths agree with courts that ha

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