Nokia blames tariff wars and shifting global trade landscape as cause of profit decline

Nokia reported a net loss of $68 million for the first quarter.

"We are not immune to the rapidly evolving global trade landscape. However based on early customer feedback, I believe our markets should prove to be relatively resilient", Justin Hotard President and CEO of Nokia said

“We are not immune to the rapidly evolving global trade landscape. However based on early customer feedback, I believe our markets should prove to be relatively resilient”, Justin Hotard President and CEO of Nokia said

Roni Rekomaa/Bloomberg via Getty Images