Government sources have told CNBC-TV18 that India and the United States are converging on most trade issues and are "very close to a deal" with both the sides engaged in technical discussions on issues like non-tariff barriers.

Expressing hope for the 1st tranche of a trade deal soon, government sources indicated that both the sides are negotiating very positively and finding some common ground on pending issues.

Stating that the current discussions are not akin to conventional FTA negotiations as reciprocal tariffs aren't based on WTO norms, government sources clarified that both the sides are bound by confidentiality to not speak about the contours of the deal till it is announced.

Government sources highlighted that India is facing some of the highest US tariffs since August. While t

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