Yep, assuming they're doing it right. Here's the FTC's explanation of a qualified Made in the USA claim, which is what's on the tube for the Conqueror:
Introduction Basic Information About Made In USA Claims The Standard For Unqualified Made In USA Claims Qualified Claims Comparative Claims The FTC and The Customs Service Other Statutes What To Do About Violations Introduction The Federal Trade Commission (FTC) is charged with preventing
www.ftc.gov
Beyond that point lay murky waters -- like what Quartermaster (QTRMSTR) and Hoback were doing. I find Cooper's rah-rah USA-USA marketing in poor taste, given the qualified claim, but if everything's above-board then that claim is in compliance with the law.
Having an OEM in China make the knife
and then putting that qualified Made in the USA claim on the tube would be an entirely different story.