Craftsman and a large amount of "Made in USA" tools are actually made over seas. The way it works is quite deceptive. According to FTC standards only around 60% of the cost of the finished product needs to be in country to get the USA stamp. So alot of steel hand tools in the big box stores that are "USA" are cast/forged out of country and shipped in to be finished. The EPA does not like chrome plating plants either so alot of that happens in Mexico. Finishing, sorting, packaging, and shipping are all near enough to hit alot of the 60% cost in country. Along with those cost since the mid 90s overseas factory's that make US tools are often brought up to a better quality control and often overseen by a few American QC and design engineers. Those costs and pay go to the 60% as well.
There are a few Made in USA tools still around that i can think of off the top of my head...
-Channellock
-Klein Tools
-Estwing
-Marshalltown trowels are still US made, but they make cheap home owner stuff now that is not.
No power tools is US made even if they say they are. We injection mold here and assemble but the guts ...motors, gears, switches, batteries are not.
But even still these companies will get stuff made over seas to sell. Like when you see a stack of plastic tool boxes or another odd product made by a company that you know doesn't make that. Its kind of like a side hustle for them to make a few extra million during Fathers Day and Christmas.
The issue is American wages are too high. If the majority of hand tools were actually 100% made in house there cost would be double or triple.