Core Viewpoint - The article argues that the country possesses several powerful leverage points against the United States, including U.S. Treasury bonds, raw materials, and industrial manufacturing capabilities, beyond just rare earths and soybeans. The country has been cautious in utilizing these leverage points to avoid mutual destruction while still inflicting pain on the U.S. economy [1][2][8]. Group 1: Economic Leverage Points - The country holds approximately $730.7 billion in U.S. Treasury bonds, making it the third-largest holder globally, and has reduced its holdings from a peak of about $1.3 trillion [1][2]. - The country is responsible for about 60% of the 88% of raw materials that the U.S. imports for pharmaceuticals, with critical drugs like ibuprofen and acetaminophen heavily reliant on imports from this country [4][5]. - The country is the world's second-largest economy and the largest manufacturer, capable of producing a wide range of products, from basic goods to high-end equipment, which could significantly impact global supply chains if leveraged [5][7]. Group 2: Strategic Considerations - The country has refrained from aggressively selling U.S. Treasury bonds to avoid triggering panic selling from other nations, which could lead to a collapse in bond prices and significant financial losses [2][8]. - The country prioritizes a peaceful approach and respects life, which influences its decision not to use raw materials as a retaliatory measure against the U.S. [4][8]. - The potential move to reject the dollar in international trade could destabilize the global economy and harm the country's own industries and employment, indicating a need for a cautious and gradual approach to countering U.S. dominance [7][8].