Fender Standards are made in Mexico by Mexicans, Fender American standards are made in California by Mexicans.
Other than that, better quality wood and waaay better electronics in the American models, I've found that:
Standard + High end pickups (~$500+250) >= American Standard Stock ($1000+)
I put Vintage noiseless pickups in my Standard tele and I like it more than my Gibson SG standard, at 1/2 the price. I'm biased, I prefer single coils (its easier to beef up tone than to thin it out).
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