We sure-as-shit do! Just north of Chicago. Steel bars, tubes, and coils go in and finished torque wrenches go out! Here's a silly interview I did to support Yamazen (I am aware of the irony involved in supporting a Japanese company in a thread that touts American manufacturing, but what can I say...the Brother and Takisawa machine tools make our hand tools better!
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YouTube
It's really weird (but I get it) how much attention the brands get but not the manufacturers FOR those brands and the resulting differences in quality. My brothers and I are the third generation of family ownership of our torque wrench company, Precision Instruments, so we are right in the middle of what you're talking about! Over the past 20 years more and more brands have moved their manufacturing over seas and a lot of that import crap really is complete garbage. There used to be several American-made torque wrenches but now there are essentially none other than us. Don't miss the fine print on some big-name brands (i.e. "Made in USA.................................................................................................................................................................................................................................................................................................................out of foreign and domestic parts."
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That being said, the cheap stuff is sufficient for home or light-duty use and if it breaks and can be replaced via warranty fine, but a lot of professionals do not have time to drive on down to Sears (if you can even find one anymore) or wherever to swap out their tools so they prefer high-quality tools they can RELY on. Of course the "good" stuff is so expensive now that sometimes all you can afford is the cheap stuff that used to be good but not now, so that sucks.
The mark up the big brands slap on the products they source is crazy...one particular example I may or may not be (but definitely am) aware of is a 700% markup for a product made by ABC and sold via drop ship to a customer of XYZ. XYZ never even touches it! :step: That is why I support MariTool whenever I can. They make high-quality products about 20 minutes from my factory and sell direct to the end user to save us money without sacrificing quality.