WASHINGTON, DC - DECEMBER 4: President-elect Donald Trump's nominee to be Treasury Secretary Scott ... The biggest challenge for Bessent and Lutnick—for anyone in Trump’s cabinet ...

Trump’s order seeking an “America-first trade policy” calls on Lutnick to work with the treasury secretary, who is likely to ...

Howard Lutnick, chief executive officer of Cantor Fitzgerald LP and commerce secretary nominee, at the Capitol on Monday. (Kenny Holston/Press Pool) President Trump’s pick for commerce secretary ...

Scott Bessent bested Howard Lutnick in a protracted fight to become Donald Trump’s nominee for Treasury secretary. But Mr. Lutnick’s consolation prize, commerce, may be the real trophy.