Goldman Sachs no longer believes the world’s two largest economies will be able to resolve their long-running trade dispute before the U.S. presidential election next year. It comes shortly after the U.S. officially designated China as a “currency manipulator, ” amid rapidly intensifying tensions between the two economic giants. On Monday, the U.S. Treasury accused Beijing of deliberately influencing the exchange rate between the yuan and the U.S. dollar to gain an “unfair competitive advantage in international trade.” The announcement followed a sharp drop in the yuan against the dollar, with the Chinese currency ... (full story)