Do you really think any major manfactuer is going to keep a line in the US just for Craftsman? The Craftsman brand is not Walmart they don't have the clout you give them credit for. As far as hiding COO they aren't any worse than most and are better than some. I don't like it any more than you do but place the blame where it belongs, with the manfactuers. Also keep in mind I'm not saying Craftsman is innocent on all counts they did lower standards for some tools and they do look to import a fair number of new/gimmick tools both of those are things that they can control.
If your theory is true... try this test:
Buy:
-an open stock Craftsman Pro wrench (the ones that are still USA),
-and an open stock Craftsman Raised panel wrench.
Then, go to McMaster.com,
-and buy an open stock "Premium full polish combo wrench" as well as
-an open stock "Premium satin full polish combo wrench".
The wrenches you will recieve from McMaster will be Armstrong.
They will be identical to their respective Craftsman wrenches besides the stamping, and the raised panels. The full polish wrenches are nearly identical, and the satin wrenches even share the same CNC profiling around the beam and box end shown in a thread by member Elroy.
So, to date, Armstrong still makes the full polish and the satin wrenches that were being rebranded as Craftsman.
Sears, though, decided to axe the full polish Armstrong OEM'd wrenches, and go with CHINESE ****.
They did the same exact thing with the Craftsman ratcheting wrenches, the maxx beams, and others.
This isn't because Amrstrong decided to stop making the wrenches, it's because Sears decided to send yet another good American product to China for profit.