New Delhi, Feb. 15 -- Even as India and the US agreed to boost bilateral trade to $500 billion by 2030 and work towards a trade deal that will reduce duties and improve market access, the issue of reciprocal tariffs hangs in balance.

US President Donald Trump has announced plans to levy the same level of tariffs on goods as charged by the exporting country if the latter's duties on similar products are high. To avoid such reciprocal tariffs, India is preparing data to show that most imports from the US into India have duties less than 10%, two officials aware of the development said.

An exhaustive list of products with their import duties is being prepared by the ministry of commerce along with the ministry of external affairs, and will...