Mark Carney to Become Canada's Prime Minister Amidst Tariff Dispute with the US

Mark Carney, a former Goldman Sachs banker and central bank governor, is set to become Canada's prime minister as the country faces a fresh wave of uncertainty over tariffs.

Carney was elected leader of Canada's ruling Liberal Party on Sunday, replacing Justin Trudeau.

In the war of words over tariffs, President Donald Trump called Trudeau "Governor Trudeau" and threatened to annex Canada.

Carney, 59, is expected to be sworn in as prime minister in the coming days and will have to lead his party into a federal election by October.

In the meantime, the country will have to navigate Trump's 25% tariffs, which he imposed on March 4 but delayed until April 2.

The tariff turnaround, combined with Trump's comments, has ignited a defensive fervor in Canada.

Carney referred to Canada's relationship with the US during his victory speech on Sunday, saying, "I know that these are dark days. Dark days brought on by a country we can no longer trust."

Carney has a deep history in the financial sector, having spent 13 years at Goldman Sachs and serving as governor of the Bank of Canada and the Bank of England.

Since leaving the Bank of England, Carney has held a mix of commercial and international roles, including vice chair of Brookfield Asset Management and board member of Stripe.

In January, Carney said while announcing his leadership bid for the Liberal Party that he had resigned from all his commercial and international roles.

In his victory speech Sunday, Carney didn't hold back on Trump's tariff threats, saying, "My government will keep our tariffs on until the Americans show us respect, and until they can join us in making credible and reliable commitments to free and fair trade."

He also criticized Trump for attacking Canadian families, workers, and businesses.