As of July 24, the UK is trying to replicate its current WTO trade commitments with minor modifications. In other words it thinks it can enjoy the privileges of a 500.000.000 single market as a 60.000.000 single market. Unfortunately though - unlike some deluded Brexiteers - not all WTO members think the UK can strike much better trade deals as a single country under WTO rule. Infact most think its status should be much worse. The US, Brazil and NZ already objected. Not only do all EU member states still have massive control over the UK("Take back control!") even after the hardest of Brexits, but also do all other WTO members. Oh the irony!
I went back to the first couple of pages in this thread and to the original brexit thread on tff in order to read all the deluded an arrogant comments about the German car industry not allowing any trade barriers, "economical fearmongering" and how the UK doesn't need the EU. Furthermore I learned that the EU is to be blamed for youth unemployment in the UK, because of the €, even though the UK is a non-€ country, very interesting. If i had not already been an economically illiterate moron, I'd probably be one now.