I understand why you're not happy (I wouldn't be either), but its a crapshoot whether or not it worked out ok for you.
I've got some current Craftsman chisels, and the steel is fantastic (just about as good as a Sorby, but they are cut a bit thick and clunky). No idea where they're made, but if it doesn't say made in USA (and they don't), I would assume its China. Still, they're MUCH better than my 20+ year old craftsman chisels which won't hold an edge for anything (they only good for scraping gaskets and glue). Could be your axe worked out like that.
OR, then there's the ratchets. I've got a bunch of made in the USA (and not the intermediate series that were just "forged in the USA"), and they're as good as anything but the latest from SnapOn (sure, the dual-80's are much better, but they only JUST came out). Really smooth action.
Now, if I somehow managed to break one, I'd get a piece of junk from China, with a plastic reversing lever. You better believe that if I put a pipe on a ratchet, it'll be on a SnapOn.
Their socket quality had diminished in the same way, after it went overseas. When I had managed to wear out my 19mm impact socket (it was getting stuck on lug nuts), and got it replaced, while it no longer gets stuck, the thicker walls rub on my rims. Anybody can give a lifetime warranty on sockets. The GOOD ones do it, and still keep the wall thickness down. Thickening the walls lets you cut corners (could be in the alloy, could be in the heat treatment, could be in the forging, or maybe somewhere else) and still maintain the minimum strength, BUT now you have sockets that don't always fit in things. So, the Craftsman impact sockets are now no better than the HF.