Colombian stock index, peso down as trade war ramps up

BOGOTA, April 4 (Reuters) - Colombia's peso exchange and main stock market index both weakened by more than 3% in early trading on Friday, after China hit the U.S. with retaliatory tariffs following a global tariff announcement by the administration of President Donald Trump.

Colombia's peso COP=STFX weakened 3.68% to 4,296.50 per dollar, its lowest level in two and a half months, while the MSCI COLCAP .COLCAP stock index slipped 3% to 1,606.01 points.

Hours earlier, China announced that it will impose additional tariffs of 34% on all U.S. products as of April 10, deepening a trade war between the two economic giants, as many other countries prepare retaliation after Washington raised tariff barriers to their highest level in more than a century.

Colombia, like most other countries in Latin America, was hit with the U.S.' baseline tariff of 10% on most exports and has not announced a retaliatory measure.