Mark Carney has been elected leader of Canada’s Liberal Party in a months-long, high stakes race to replace Justin Trudeau.

Former central banker Mark Carney will become Canada’s next prime minister after the governing Liberal Party elected him its leader Sunday as the country deals with U.S. President Donald Trump’s trade war and annexation threat,

Outgoing Canadian Prime Minister Justin Trudeau took parting shots at President Donald Trump on his way out of office. Trudeau is expected to step down this week once Mark Carney is sworn in as prime minister after winning the Liberal Party’s race for a new leader.