Finnish forestry group UPM-Kymmene reported a 31% drop in its second-quarter operating profit, as uncertainty related to President Donald Trump’s trade policies weakened demand and the U.S. dollar. The group has five US sites for producing paper and labelling materials and it also exports products into the country, though the tariff effects were felt globally. “UPM Fibres was indirectly impacted by the escalating trade tensions. In China, orders halted during the height of the trade tensions between the US and China,” CEO Massimo Reynaudo said in the statement. …It also forecast a comparable operating profit of 425-650 million euros for the second half of 2025, up from the 413 million it had recorded in the first six months of the year.