Former Bank of England governor Mark Carney was sworn in as Canada’s new prime minister on Friday, and will now try to steer his country through a trade war brought by US President Donald Trump, a threat of annexation and an expected federal election.

Former central bank chief Mark Carney was sworn in as Canada’s prime minister on Friday, taking over at what he has called “a time of great peril” as the country faces a trade war with the United States and annexation threats from President Trump.

TORONTO (AP) — 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, and a federal election looms.