Kathmandu, December 19. United States President elect Joe Biden has decided not go for a post-Brexit deal with the United Kingdom (UK). After he will take over the office in January, he said that he will put ‘America first’.

He said, “I’m not going to enter any new trade agreement with anybody until we have made major investments here at home and in our workers and in education. I want to make sure we’re going to fight like hell by investing in America first.” UK Prime Minister Johnson had put forward a US-UK deal, which is unlikely to get fixed. Earlier this year, France’s President Macron said that he wished to establish Paris as the ‘leading financial centre’ in Europe and United States is likely to boost his plan to dethrone London.

Alasdair Haynes, chief executive of European trading platform Aquis Exchange, said “We felt very much that you can either argue against being on the outside or actually be on the inside and the French have an enormous influence on how things are run in Europe. We looked at Frankfurt, we looked at Ireland, we looked at Holland and then we looked at France, and the French have been extremely accommodating and it has worked very well and we’ve been very happy with what we’ve seen.”

Lord David Owen said that money goes where the cheapest thing is, adding that business doesn’t care about boundaries. Currently, the UK-US deal is kept on hold, which is why Paris is eyeing on that chance.