Mark Carney, the newly elected Canadian Liberal Party leader positioned to succeed Justin Trudeau as Prime Minister, may impose familiar

Canada's Liberal Party will announce Prime Minister Justin Trudeau's successor on Sunday as both party chief and head of the country's government in the midst of a trade war with the United States that could cripple the Canadian economy.

Canada will keep its trade retaliation in place until the US lifts its own tariffs and commits to free trade, said Mark Carney, who will succeed Justin Trudeau as Canada’s prime minister within days.

President Trump has escalated tensions with Canada by threating to impose significant tariffs on imports like dairy and lumber. In retaliation, Canada has announced its own tariffs on U.S. goods. The situation is now further complicated by political developments in Canada where they’ve elected a new prime minister.

Liberal Party of Canada head Mark Carney vowed March 9 to protect the country from President Donald Trump. Carney will succeed Justin Trudeau as prime minister.

Former Bank of Canada and Bank of England governor Mark Carney reacts on the day members of Canada's Liberal Party gather to choose a successor to Prime Minister Justin Trudeau, in Ottawa, Ontario, Canada,