What is the fundamental group of $\mathbb R^3 \setminus$ two linked circles? This is an example from Hatcher, he says that this space deformation retracts onto the wedge product of$S^2$ and a torus separating the two circles, but I have not really understood what exactly this deformation retract is.
I understand that the points inside of the torus can be pushed to the boundary of the torus and points outside of the sphere can be pushed to the sphere, but what about points outside the torus and inside the sphere.
Thanks much in advance!