I think I understand how a step-up transformer works, but don't understand how a step-down transformer converts high voltage AC to low voltage AC. Following the ratio $\frac{V_1}{V_2}=\frac{N_1}{N_2}$ I see why the emf in the second inductor can be smaller than the emf in the first inductor, but I don't understand how the voltage in the second wire can be smaller than the voltage across the whole first wire.
For example if there's one loop on the first inductor and on the second inductor ,then the voltages on the both wires are the same. If you add one more loop on the first inductor, now it has a two times greater flux and the second inductor has 0.5 of that flux because it has two times less loops. But how does it make to voltage in the second wire smaller than in the first? As I see it, the voltage across the second wire should be bigger, because the first inductor produces more flux so there's a greater emf on the second inductor. Please show me where is my confusion. Thanks.