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In terms of having a say in trade agreements, the UK's trade with EU members is a much more significant bargaining chip than its member status. The UK hasn't stopped producing goods and services, nor has it suddenly ceased all trade with the EU. EU-UK trade is beneficial for both parties, and it will almost certainly continue in one form or another despite yesterday's vote. As for being punitive, undoubtedly there will be some petty politics, but from a pragmatic perspective, neither the UK nor the EU benefit from drawing out the negotiations. Investors don't like uncertainty, and there's going to be uncertainty until new deals are signed.