Mark Carney has become the new Prime Minister of Canada, which—according to BBC News—may significantly influence relations with the U.S., potentially preventing an escalation of tariffs that could lead to a trade war.

With the vote count incomplete, it was unclear whether Mr. Carney’s Liberal Party would secure a majority in Parliament. Pierre Poilievre, the opposition leader, lost his seat.

Canada has elected its new prime minister after former PM Justin Trudeau resigned as the leader of the country’s Liberal Party earlier this year. Conservative opposition leader Pierre Poilievre faced off with the Liberal Party’s Mark Carney, and one walked away in victory.