U.S. President Donald Trump has signed an executive order extending a tariff truce with China by another 90 days, a White House official said on Monday with only hours to go before U.S. tariffs on Chinese goods were due to snap back to triple-digit rates.

Following talks in Geneva, US and Chinese representatives met in London in June and then again in Stockholm, Sweden, last month. After the Stockholm meetings, US negotiators returned to Washington with a proposal that Trump extend the Geneva deadline past August 12.

The US and China have extended their trade truce for another 90 days, just hours before the world's two biggest economies were set to raise tariffs on imports of each other's goods. On Monday, US President Donald Trump signed an executive order to keep the pause in place until 10 November, while Beijing also announced an extension.