Santiago Peña, Paraguay’s conservative former finance minister, won the Paraguayan presidential election on Sunday (April 30), in a victory for the country’s dominant Colorado Party. He beat opposition lawmaker Efraín Alegre by more than 15 points. Peña has pledged to maintain Paraguay’s close relationship with Taiwan, easing concerns that the country could switch its diplomatic alignment to China, a prospect floated by Alegre during the campaign. Advertisement Paraguay is the only remaining nation in South America that recognizes Taiwan as a sovereign state, making it difficult for soy and beef farmers—core to one of Paraguay’s largest industries—to sell to China....