The White House has announced an extension of auto tariff relief for automakers, adding five more years to offset previous 25% vehicle duties. This decision follows lobbying efforts by General Motors and Ford, aiming to support U.S. car manufacturers. The move will also establish tariffs on imported trucks, impacting the industry. Shares of major automakers experienced an increase, reflecting positive investor sentiment. The update highlights government efforts to balance trade policies and bolster domestic automotive companies.