Most stock markets in the Gulf edged higher on Sunday as U.S.-China resumed talks in Geneva aimed at cooling the trade war that threatens to seriously damage the global economy.

Treasury Secretary Scott Bessent and Jamieson Greer, the United States Trade Representative, are leading the talks for Washington. For Beijing, the negotiations are being led by He Lifeng, China’s vice premier for economic policy. The tariffs effectively cut off trade between the world’s two largest economies.

Trump said progress was made and that the two sides were negotiating a “total reset” on trade.