Here is a very precise version of your first question:
Can a trigonometric function such as $\sin x$ be defined in terms of a finite sequence of arithmetic operations (say addition, subtraction, multiplication, division, and root extraction) on $x$ (say together with a finite number of constants)?
The answer is no. Before I get to the proof, let me make a philosophical comment. The conception of $\sin x$ as a function that takes as input a real number and returns another real number is modern. In antiquity, I would imagine that the input to $\sin$ was not a real number, it was an angle, and an angle was a geometric object, not a numerical one: you draw two lines and an angle is some property of how they intersect. Trigonometric ratios describe certain relationships between angles and lengths. I am not sure what your background is, but if you want to understand trigonometry you should pick up a good book on trigonometry.
Anyway, the proof. We will show a stronger statement, namely that $\sin x$ is not an algebraic function of $x$. Suppose to the contrary that there exist nonzero polynomials $c_0(x), ... c_n(x)$, say with complex coefficients, such that
$c_n(x) (\sin x)^n + c_{n-1}(x) (\sin x)^{n-1} + ... + c_0(x) = 0$
for all real $x$. The LHS is a holomorphic function of $x$, so by the identity theorem the above identity must actually hold for all complex $x$. But by Euler's formula we have
$\sin x = \frac{e^{ix} - e^{-ix}}{2i}$
and letting $t = ix$ be real, we see that as $t \to \infty$ the first term of the above sum grows in absolute value like a polynomial times $e^{tn}$ while the remaining terms grows in absolute value like a polynomial times $e^{t(n-1)}$; in particular, the first term eventually becomes much larger than the remaining terms in absolute value, so they cannot sum to zero, which is a contradiction. Similar arguments work for the other trigonometric functions.
As for your second question, the short answer is that it depends on what kind of angles you're interested in. For angles which (in radians) are rational multiples of $\pi$ you can get pretty far by repeatedly applying the angle addition formulas and the half-angle formula and so forth, although the general problem of computing trigonometric functions exactly (in terms of algebraic numbers) is somewhat delicate and best understood in the context of Galois theory and Kummer theory.
For angles which are not a rational multiple of $\pi$, the resulting numbers are in general transcendental, and it's very unclear to me whether there's a meaningful sense in which one can compute such a thing exactly. Instead, one computes decimal approximations, for example using Taylor series.