Its hard to be unbiased and keep my own political feelings out the equation.
My tools are first and foremost German with some good American in the mix, no Chinese at all. The problem with this is price, they are expensive tools sometimes beyond belief.
When you pay $100 for a tiny 1/4" ratchet (Stahlwille) you have to wonder if its worth it. For me it is because its keeping my fellow countrymen working. That's the political argument that goes on inside every time i buy.
I'm sure many Americans feel the same way when they buy American made products, its a valid argument but if one looks at the tools for what they are and how they are made things get cloudy.
Taiwanese tools are a different story. Taiwan is getting more first world every day, and this is reflected in the better quality of their goods.
I have used them and found them as a whole to be decent quality, to be honest the fit, finish and steel quality on some of these tools is very good.
The Kobalt, Gearwrench, NAPA's new line, etc brands are definitely higher end Taiwan production. Junk? No its not junk but its not high end American or German either.
Realistically they are as good as or better in some cases than mid range German or American. Proxxon and Craftsman come to mind.
From what i have seen you could use most of these tools to make a living although for my main go to ratchets, screwdrivers, pliers, torque tools i would go with other brands, Snap-On, Klein, Hazet, CDI, Wera etc.