Most American companies have their lower cost binoculars made overseas, Leupold included.
Stay away from the Wind River Cascades, they are not phase corrected. For a 10x42mm phase corrected roof prism for around $300 look at the Nikon Monarch ATB, Bushnell Legend, Wind River Olympic, Celestron Noble, Audubon Equinox HP, Swift Ultra Lite Roof and Vortex Stokes Broadwing.
If you spend just a little more you can make a significant jump up in quality with the Eagle Optics Ranger Platinum Class, Celestron Regal LX, Bushnell Discoverer or the Wind River Pinnacles.