Every week on the radio, "Friday and Saturday only! Buy one suit at regular price and get two!!!! suits of equal or lesser value free!!!!!"
We're talking off the rack suits here so I wouldn't get too hung up on the country of orgin. Most all suits are made in a 3rd world (I guess the PC term is "developing") country, including many famous names.
Heck a lot of "made to measure" suits are made in China & the labor savings makes them pretty comprable in price to off-the-rack at a department store.
One piece of advice: Make sure the suit fits. Have the suit altered so it fits. Well-fit can make even a relatively inexpensive suit look sharp.