Ralph Lauren Sport Jacket Costs $325 Made In China

This Ralph Lauren sport jacket at Belk Department Store is cashmere and retails for $325. Belk reduced it 70 percent to $97 before taxes. The tag in the collar reads "Made in China". If you think about the low labor costs in China that is one hell of a markup just to sell something that has "Ralph Lauren" on it. Why not "Made In America" but with a labor cost subsidy?