Treasury Secretary Bessent says 'it's Main Street's turn' after Wall Street grew wealthier for 4 decades
1. Trump's new tariffs risk pushing the economy into a recession. 2. S&P 500 is nearing a 20% bear market from its February high. 3. Focus is shifting towards boosting Main Street over Wall Street interests. 4. Recession fears are rising due to escalating trade tensions. 5. Tax reforms are crucial to avoid possible economic downturn.