China considers carbon tax, will U.S. consumers foot the bill?

The city skyline is shrouded in smog two days before the opening of the Beijing 2008 Olympic Games on August 6, 2008 in Beijing, China.

The official news agency in China is reporting that the government will tax carbon emissions. The BBC's John Sudworth in Shanghai joins Marketplace Morning Report host Jeremy Hobson to explain the details of the plan and how it might trickle out to the global economy.

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