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Squawk Box anchors discuss the US Federal Reserve’s decision to hold steady on rate hikes for 2019 as Chairman Jerome Powell warns of a global economic slowdown. President Trump is confident of a trade deal with China but says that tariffs on Chinese goods will remain for some time to make sure Beijing honours any final agreement. Meanwhile, UK Prime Minister Theresa May slams the House of Commons for forcing her to apply for a Brexit extension. Brussels has told her it will only delay the UK’s withdrawal by three months should MPs back her deal. And we have an exclusive with UBS CEO Sergio Ermotti who says that challenges remain in the equity markets following one of the worst first quarters in recent memory.