Canadian Finance Minister Dominic LeBlanc has decided not to run for leadership of the Liberal Party, saying he needs to focus on countering the threat of tariffs from Donald Trump’s administration.

In the wake of Trudeau’s announcement Monday that he intends to resign as prime minister, LeBlanc had been encouraged to run by Liberal MPs Mark Gerretsen and Joël Lightbound, who declared in separate media interviews that they would be favourable to LeBlanc’s candidacy.