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.

Trump’s escalation sent financial markets tumbling and left U.S. retailers warning that they might run out of goods as U.S.-China trade implodes. U.S. consumers, worried about the prospect of empty shelves and higher prices, are losing confidence in the economy.

Shipments of goods to the United States plunged by 21 percent in April, but spiked to Asia as President Trump imposed sky-high tariffs on China.