The U.S. must build and use leverage against Beijing, leveraging China's vulnerabilities to protect and advance U.S. national interests. This strategy involves a competitive approach, targeting China's weaknesses and exposing its covert practices. The U.S. should focus on securing supply chains, reducing reliance on China, and developing options for economic and diplomatic pressure. This includes targeting China's export-driven growth model, its dependence on the U.S. dollar, and its reliance on energy imports. The U.S. should also expose China's overseas influence operations and malign activities, forcing Beijing to divert resources and tarnish its image. This strategy requires careful timing, sequencing, and coordination with allies, emphasizing a defensive approach and shared interests in addressing China's threats.