Trade war | These Finnish companies will suffer the most from Trump's tariffs: machine shops in the firing line

For many Finnish machine shops, more than a quarter of their turnover comes from the United States.

It is difficult to find winners in Trump's tariff policy, but some Finnish companies are experiencing its effects more directly than others.

Startup companies' confidence in the economic situation has weakened, but companies are nevertheless preparing for a strong increase in R&D investments.

Harkimo: “For over 20 years, we have only been reminiscing about Nokia’s success, and at the same time, our own exports have deteriorated.” According to Liike Nyt’s chairman, MP Harry “Hjallis” Harkimo, the situation is that if exports do not reach the United States due to Trump’s tariffs and a possible long trade war, markets will have to be found elsewhere in the world. – We cannot remain idle. Yes, we must find buyers for Finnish products and…

The Confederation of Finnish Entrepreneurs considers President Donald Trump's decision to drastically increase import tariffs extremely regrettable. The trade war is believed to cast a dark shadow over Finland's growth.

Russia's invasion of Ukraine triggered the most ferocious rise in the defence sector since World War II. The boom, which is worth billions of euros, will bring big investments and many new jobs to Finland. Kauppalehti plotted the production facilities on a map.