I've lived around the corner from the GN plant for a number of years, they've been here since at least 1974 when I moved in and had always been manufacturing. But this didn't seem right when I read it, so I asked a neighbor of mine who is a supervisor at the plant. He said that while most production had been moved to China in recent years, they still manufacture screw drivers, hex keys and saws (handsaws, specialty, mitre box) in Mineola and have a plant in Tennessee that still manufactures levels! He said he's pretty grateful that they're sticking to at least SOME USA manufacturing and he here's in the coming 20 years or so, more items might be moved back to the USA, putting GN in a good position.
Personally, I think the tools are great for what they are. A tool is bound to break some time, I'd rather it be a 10 dollar tool than a 50 dollar one! I also like their Sheffield utility knives.