The White House is preparing to ease tariffs on the US auto industry and the announcement could come as early as Friday, a Bloomberg report said. The decision could be a major boost for carmakers who have long pushed for relief from steep import duties. Tariff break for automakers A Bloomberg report, citing people familiar with the plan, said that the Commerce Department is expected to announce a five-year extension of a rule that allows automakers to lower the amount they pay in tariffs on imported car parts. This rule was earlier set to expire after two years. The announcement can be made on Friday, though past tariff updates have been delayed. The details will be included in official government papers that also confirm tariffs on imported trucks.