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More than 24 hours after polls closed in Honduras’s three-way presidential election, there was not an official winner yet. But there was a clear loser: pro-Beijing candidate Rixi Moncada of the ruling Libre (Freedom) Party, who was a distant third behind pro-Taipei candidates Nasry Asfura of the National Party and Salvador Nasralla of the Liberal Party. The dismal result comes only two years after Honduras switched its diplomatic ties from Taiwan and China for the promise of more economic investment and a larger export market, only to see those opportunities quickly evaporate. Meanwhile, US President Donald Trump also weighed in on the election by endorsing the National Party candidate, possibly swaying the result in his favor. Was the election a referendum on China vs. Taiwan? Or was Trump’s endorsement what mattered most? And what do these results mean for other small countries trying to navigate between these major powers? Join us as we discuss Honduras’ election, including the key issues and the implications for the Taiwan Strait. *Recorded on December 1, 2025 at 3pm Taiwan Standard Time Host: Ethan Liu Producer. Julien Oeuillet Our guests: Juan Fernando Herrera Ramos Nikkei Asia, The Diplomat, Taipei Times and Ketagalan Media Journalist and Political Analyst Charles Wu National Chengchi University Department of Diplomacy Professor and Chair Chapters: 00:00:00 - Pro-Taiwan Candidates Surge in Honduras Race 00:03:16 - Pro-Beijing Party Drops to Third 00:07:53 - What Was Trump’s Effect on Election? 00:13:59 - Was This a China-Taiwan Referendum? 00:22:17 - What Are Lessons For Small Powers? #Honduras2025Election #HondurasPresidentialElection #TaiwanHondurasRelations #HondurasChinaRelations #RixiMoncada #Libre #NasryAsfura #HonduranNationalParty #SalvadorNasralla #HonduranLiberalParty #TaiwanDiplomaticAllies #TaiwanForeignPolicy #ChinaForeignPolicy #DonaldTrump #XiJinping #USForeignPolicy #MonroeDoctrine #LatinAmerica #TaiwanTalks #TaiwanPlus