挟天子以令诸侯

xié tiān zǐ yǐ lìng zhū hóu

(expr.) hold the feudal overlord and you control his vassals

xié

(bound form) to clasp under the arm

tiān

day

son

abbr. for Israel 以色列[Yi3 se4 lie4]

lìng

to order

zhū

all

hóu

marquis, second of the five orders of ancient Chinese nobility 五等爵位[wu3 deng3 jue2 wei4]