The Canada, Australia Models for Post-Brexit Trade and What They Mean for Britain

The U.K.’s formal exit from the European Union has pushed Brexit negotiations into a new and rocky stage, leaving the two sides needing to hammer out a complex trade deal by the end of 2020. As both camps set out their negotiating positions, U.K. Prime Minister Boris Johnson told EU ambassadors that the eventual agreement will likely resemble either the EU’s deal with Canada or its setup with Australia. Both of those arrangements would have distinct pros and cons for Britain.