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TRP - Dodge & Cox Income Fund Q1 2025 Shareholder Letter
TransCanada Corporation
2025-04-16 08:45:00 ET
Summary
Uncertainty around the Trump administration’s policies, particularly regarding tariffs, spiked in the first quarter of 2025, contributing to market volatility and raising concerns about economic growth.
As market pricing shifted over the quarter, we adhered to our disciplined and long-term investment approach.
The Trump administration's tariff policy rollout in the first weeks of April increased fears of higher inflation and a possible recession, which led to increased market volatility.