made in....USA?

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So I was in my econ class, and we were discussing international trade. and he stops, and tells everyone to take off their baseball caps and look at the labels. the two kids in front of me started laughing, he asks what theyre laughing about and they say nothing. so he starts getting really excited and goes "jerry tell me where your hat is from, i bet its foreign" and jerry laughs again "I'm sorry Mr. Nyako...says Made In USA right here..." the whole class is rolling, and then finally someone has a hat from like...taiwan, and hes like "okay okay....so 95% of hats are foreign." you would so have had to been there...