One reason why most economists forecast that the effects of NAFTA on the U.S.economy would be small is because

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Most economists believe that the Mexican economy is small relative to the U.S. economy, which means that even a large percentage increase in trade with Mexico would not have a significant impact on the overall U.S. economy. Additionally, NAFTA did not eliminate tariffs completely, so the trade liberalization effects were limited. While there were concerns about Mexico's ability to live up to its obligations under NAFTA, this was not the primary reason why most economists forecasted small effects on the U.S. economy.

One Reason Why Most Economists Forecast That the Effects of NAFTA