Lai Ching-te is now president-elect of Taiwan, after a hard-fought race in which Beijing made its preference for his opponents clear. Lai is an outspoken advocate for Taiwan’s sovereignty, though he has said he wants to keep the status quo with China and that there is no need to declare independence since it is already a de facto reality. How can Taipei best negotiate another rocky period with China? What role should Washington play—and what should it avoid?