I’m inclined to side with you with one or two possible exceptions:
China has the market on rare Earth metals, which are vital for everything in modern living and also for our modern military equipment. The bright side on this is the USA DOES have the rare earths in the lower 48, but the environmental shortsighted nutjobs have so far (to my knowledge) prevented us from taking advantage of what we have.
However, I have to assume the President is taking measures to rectify that situation in case they cut us off.
Next the gargantuan debt. Yes, China would hurt themselves by dumping our Treasuries, or deciding not to come to any more auctions, but the Chinese do not think like Americans. Beijing does not care about the short term effect on their people+ - they play the long game.
Still, it’s hard to believe this administration is not aware of all this and is taking action accordingly.
“Next the gargantuan debt. “
China has already been disposing of US debt in an orderly fashion. Were they to put it all on the market today it would be worth but pennies on the dollar and would drive up interest rates.
And that would cause even more capital to seek the US. Raw capital/money.
Talk about recharging the battery...