The US will try to coax Group of Seven countries to impose tariffs as high as 100% on China and India as a deterrent for purchases of Russian oil. That might be a tall order given the animosity between the US and its trading partners.In any case, oil prices are up $1.19 to $63.57 today in part due to this report.Bloomberg reports this caveat:The proposal poses a challenge given that several nations in the EU, including Hungary, have blocked more stringent sanctions targeting Russia’s energy sector. Such measures would require the backing of all member states. This article was written by Adam Button at investinglive.com.