Seatrium Ltd (5E2.SI), a prominent shipbuilder, saw its stock price plummet 12.37% in pre-market trading on Monday, as global markets reeled from the impact of sweeping tariffs announced by U.S. President Trump. The sharp decline in Seatrium's shares reflects growing investor concerns about the potential consequences of an escalating trade war on companies heavily exposed to global commerce.

The steep drop in Seatrium's stock price comes amid a broader market selloff, with Singapore's Straits Times Index (STI) falling approximately 10% over the past two trading sessions. Shipbuilders, in particular, have been hit hard due to their significant exposure to international trade. Seatrium's decline is part of a pattern observed across the shipbuilding sector, with other companies like Nam Cheong and Yangzijiang Shipbuilding also experiencing substantial losses.

Investors are grappling with uncertainty as they assess the potential impact of Trump's comprehensive tariffs on global supply chains and business operations. The tariffs, set to take effect on April 9, have sparked fears of retaliatory measures from other countries, potentially leading to a wider trade war and global recession. As companies scramble to evaluate the consequences of these new trade barriers, Seatrium's sharp stock decline underscores the market's apprehension about the future of international trade and its effect on the shipbuilding industry.