I think people are being to literal about all of this. Trump can package nearly anything as a 'deal' if he wants to. While an actual free trade agreement, especially one that excludes agriculture, is very unlikely, there are other things the US and UK might do.
And ultimately, Bolton just wants to use a potential trade deal as a carrot to tempt UK into backing US on Iran, Huawei, China etc.
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For the people tweeting at me without checking, yes the EU and UK do already have a trade agreement with Ukraine, but it’s not fully duty and quota free.
To expand this further, for the list of items that still have tariffs applied, or are subject to a tariff-rate quota, despite the existing FTA (true for the EU association agreement too), please proceed to page 275 to 344.
I currently find myself knowing far more about the Australian Prudential Regulation Authority's guidance on outsourcing involving cloud computers than I ever expected, or wanted, to know.
"Oh we don't require the onshoring of financial data."
Sure you don't, Australia. Sure you don't.
"You could store that financial data on a foreign cloud. We're not stopping you. It's just ... your life would be so much easier, less expensive, enjoyable, if you didn't. Y'know? But totally your choice. Honest."