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The Killing of George Floyd and the Final Fracturing of the Democratic Party, Labor, and Civil Rights Coalition (CounterPunch, 6 min read) The death of George Floyd could disunite the Democratic party further and, in turn, impact the election outcome with Trump likely to exploit such a split. [Bearish Democrats]
East Asia Decouples from the United States: Trade War, COVID-19, and East Asia’s New Trade Blocs (PIIE, 28 pages) Trade agreements like the Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) ‘will raise global, national incomes in 2030 by an annual $147 billion and $186 billion, respectively. They will yield especially large benefits for China, Japan, and South Korea and losses for the United States and India.’ [Bullish East Asia]