Tariff turmoil and weak dollar double blow to Nokia, downgrades annual profit guidance.

According to the CITIC Finance APP, Finnish 5G equipment manufacturer Nokia (NOK.US) has lowered its profit guidance for 2025 due to the weakening US dollar and trade tariffs, causing its stock price to plummet. According to a statement released by Nokia, the company currently expects operating profit to be between 1.6 billion euros and 2.1 billion euros this year, down from the previous forecast of 1.9 billion euros to 2.4 billion euros.