The move comes as the shipping industry waits for signs that vessel traffic in the Red Sea will begin to return to normal after more than a year of disruption.
Walking away from the tie-up with Honda is a huge gamble for Nissan, whose outdated product lineup has forced it to discount heavily, destroying its bottom line.
While Mexico is quickly becoming an important destination for offshore manufacturing, transporting goods across the border still presents a unique set of challenges.
After adding PVH to its "unreliable entities list," China is now allowed to fine the company, shut down its stores and manufacturing, and deport its employees.