Defence stocks fall as de-escalation could reduce need for military assetsVictorinox, maker of Swiss army knives, is considering shifting part of its production to the US to reduce the impact of import tariffs on its business, according to its chief executive.Carl Elsener, who runs the family-owned business, told the Wirtschaftswoche business magazine:We are looking into carrying out directly on site individual processing steps at the end of the value chain, such as the final cleaning and packaging of commercial knives.That would reduce the value of the goods on which we have to pay customs duty by 10% to 15%. Continue reading...