Answering to myself: the above was not entirely accurate; the no-deal has not yet happened, though it looks like that is what will happen. Great Britain still

Answering to myself: the above was not entirely accurate; the no-deal has not yet happened, though it looks like that is what will happen. Great Britain still has time until December 31 2020 to bang out a deal within the Article 50 (the withdrawal). If and when a no-deal kicks in on December 31 2020, then Great Britain reverts to a "third country status". Since all EU nations must accept the new deal, it will be much more difficult for Great Britain to get a good deal since it will have to please all nations. But, in any case, Great Britain must sit down and negotiate with EU if they want some kind of trade agreements.