Canada’s foreign minister is warning Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump follows through with a threat of imposing a 25% tariff on all Canadian goods.

Sources in the camps of Chrystia Freeland and Mark Carney say they each have more than 30 MPs supporting their candidacy after Mélanie Joly and Dominic LeBlanc exit the leadership race

Chrystia Freeland, whose dramatic resignation as finance minister in December set the stage for Prime Minister Justin Trudeau to step down, has announced she will run for the Liberal leadership.

Former Bank of Canada governor Mark Carney is expected to formally announce his bid to replace Prime Minister Justin Trudeau late next week, a source close to his campaign told CBC News.

The ball is in Chrystia Freeland’s court, now that Mark Carney has officially launched his campaign to become the next Liberal leader. Carney announced alongside supporters in Edmonton on Thursday that he plans to run for the Liberal leadership.

Top Liberals will soon be lining up for the party's — and country's — top job after Prime Minister Justin Trudeau announced that he will be resigning. Here are some of the potential candidates to succeed him.

Former finance minister Chrystia Freeland will announce her intention to run for the Liberal party leadership just before the U.S. presidential inauguration, a source close to her

Foreign Minister Melanie Joly will not run for Liberal leadership. Up to now, Joly was widely considered a potential successor to Prime Minister Justin Trudeau, who recently announced he would resign as leader of the Liberal party.

Despite his announcement to resign on Monday, the 53-year-old embattled leader confirmed he would remain in office until the ruling Liberal Party chooses his successor. Canada's parliament will also remain suspended until March 24.

The race to succeed Justin Trudeau as Canada’s prime minister is increasingly looking like a two-way battle between former Finance Minister Chrystia Freeland and ex-central banker Mark Carney.Most Read from BloombergThese Homes Withstood the LA Fires.