Taiwan’s upcoming presidential election will likely result in another leader from the ruling Democratic Progressive Party (DPP), heralding four more years of Chinese military coercion and an increased risk of war. The concurrent legislative election, meanwhile, will probably yield a three-way split that could facilitate Taiwan’s energy transition, economic diversification and military buildup in the short term, but may increase policy gridlock in the long term. Taiwan’s presidential and legislative elections will take place on Jan. 13, 2024. The main contenders vying for the presidency include William Lai from the liberal and China-skeptic Democratic Progressive Party (DPP), Hou Yu-ih from the conservative and comparatively pro-China Kuomintang (KMT) party, and Ko Wen-je from the centrist Taiwan People’s Party (TPP). With billionaire Terry Gou also throwing his hat into the ring in August, the four-way presidential race will determine the trajectory of Taiwan’s trade policy, the risk of war with China, and…