The Colcap fell 1.20 percent, dragged down by global losses following Trump's new tariffs.

The Colombian stock market closed Friday with losses, in line with the international trend following U.S. President Donald Trump's announcement that he will impose higher tariffs on dozens of countries starting August 7.

The Colcap index, the main benchmark for the Colombian stock market, fell 1.20 percent, closing at 1,751.56 points.

On the Colombian Stock Exchange, Grupo Argos was the best performer, rising 3.71 percent (420 points) to close at 11,740.00. Organización Terpel followed with a rise of 2.36 percent (300 points) to 13,000.00, reaching its highest level in five years.

For its part, the Cibest Group also stood out with an increase of 2.24 percent (1,180 points) to close at 53,800.00.

In contrast, the worst performer was Grupo de Inversiones Suramericana, which fell 1.64 percent (760 points) to 45,500.00. Grupo Energía Bogotá SA fell 0.84 percent (25 points) to close at 2,955.00, while Ecopetrol lost 0.56 percent (10 points) to 1,765.00.

Major stock markets traded lower following the executive order signed by Donald Trump, which imposes tariffs between 15 and 41 percent on several trading partners.

In Europe, Paris lost 2.91 percent, Frankfurt 2.66 percent, Milan 2.55 percent, Madrid 1.88 percent, and London 0.70 percent. The Stoxx Europe 600 Index fell 1.33 percent.

In Asia, Seoul fell 3.88 percent, Tokyo lost 0.66 percent, and Hong Kong lost 1.07 percent.

On Wall Street, the Dow Jones fell 1.13 percent, the S&P 500 fell 1.29 percent, and the Nasdaq fell 1.72 percent.

The tariffs are scheduled to take effect next Friday, although some countries have reached extensions or partial agreements, including Mexico, Japan, the European Union, the United Kingdom, and South Korea. China continues to negotiate to extend the truce in place since May.