Canada will have a new leader for the first time in a decade: Mark Carney will become the 24th Canadian prime minister after being elected leader of the country's Liberal Party on March 9. Carney will replace Prime Minister Justin Trudeau, who has led Canada since 2015.

Mark Carney is a newcomer to elected politics, with decades of experience in finance. After his landslide victory, he pledged to continue tariffs on the U.S. "until the Americans show us respect."

Economist and former Governor of the Bank of England Mark Carney has been elected to succeed Justin Trudeau as Liberal Party leader and Canada’s prime minister. The election comes at a critical time in foreign relations between Canada and the United States, as both nations impose historic tariffs and prepare for an impending trade war.