President-elect Donald Trump’s decision on a treasury secretary is about far more than whose name will be printed on America’s money. The choice of how to fill his highest-profile outstanding Cabinet selection will be the clearest indication yet of how he intends to wield import tariffs in his new administration.

Trump was originally believed to have two frontrunners in Howard Lutnick and Scott Bessent, but is now reported to be considering more options.

Investors need a scorecard to keep track of the array of candidates vying to be President-elect Donald Trump’s Treasury secretary, and that was likely part of the reason for stock-market weakness, analysts said.