Its complicated :) 

I have been to a few factories that boast Made in "this country". It's nonsense when you start looking into the source of the inventory of components. "Assembled here" is more realistic. 

Even when components are made locally, there is chicanery. A bulb manufacturer got an order from a local aircraft co. It cost the manufacturer 60c to make, but they never realised their bulb was aeronautic quality. Sold it for $60.