May Says Neither U.K. Nor EU Will Get Exactly What They Want

The transcript discusses the complexities of global trade, focusing on the need for the UK to regain control over its laws while maintaining a frictionless border with the EU to protect integrated supply chains. It highlights the challenges in negotiations, particularly the EU's suggestion of an off-the-shelf model and the need for a balanced deal. The discussion also touches on the importance of maintaining similar regulatory standards to avoid market access issues.

How do the UK's regulatory standards compare to Canada's according to the text?

What is the nature of the negotiation mentioned in the text?