I'm guilty of buying cheap chinese stuff as well.. partly because it's all I can afford.. if beef prices had stayed up for more than a year maybe I wouldn't be such a tightwad.. I agree, it's a vicious circle.
Looking at tools, I do get a fair number of specialty tools, etc at Princess Auto (canadian equivalent of Harbor freight).. and some stuff is utter garbage, and some is pretty good.. I'd like to get a Snap-On torque wrench, but just for tightening wheel nuts I can do just fine with a $30 one, and the $400 that Snap-on wants is just prohibitive
One thing that gets my goat is the insane markups on *everything*... There's a little microswitch in excavator hand controls.. You go to Finning (CAT) for that switch, they charge $15 for it.. Since my friend replaces these often, he asked me to look for a better deal.. I got 40 of them, SHIPPED, for $9.75 out of china, and they're no better or worse than the $15 ones Someone is making a killer profit!
Metric bolts on the vehicle has nothing to do with the quality of the vehicle or where it was made... Cummins and pretty much any worldwide supplier of anything has switched to metric... A pound of butter is no different if it's called a pound or 454 grams