Mark Carney stepped into the international spotlight Sunday when Canada's ruling Liberal party chose the former central banker to succeed Justin Trudeau as the country's next prime minister. Why it matters: Carney is assuming leadership during a trade war and escalating tension with the U.

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

Carney will officially become Canada’s new leader in the coming days and take over his country’s response to President Trump’s trade war.