But that's only where the chain of trust begins. As the next step, the client must now verify that the certificate had been issued by a CA they trust, and they do that by recursively verifying the signature of each issuer in the certificate chain (along a few other things) until they reach a CA that's trusted by default (because it's in the client's root store).
Just to complicate things further: TLS 1.2 and earlier support many key exchange options, which implement key agreement and authentication in potentially different ways. For example, some key exchanges don't use certificates but rely on pre-shared keys. Another example, in the RSA key exchange the server proves ownership of the private key by being able to successfully handshake, and so on. TLS 1.3 made some improvements in this area and the key exchange process has been streamlined. My point here is that there are many other details to take into account, but I am trying to keep my explanations at a higher level.
(1) Seems like the argument against RSA is "what happens when the server's private key is leaked?" But with ephemeral DH, it also requires private keys to be protected (now 2 of them!), these being signing keys. So isn't it simply trading one problem for another? Or perhaps the difference is that at least with DH, in theory only /new/ sessions can be attacked (MitM impersonating going forward), but older sessions can't be opened up.
(2) Doesn't this mean that now the client needs a keypair & certificate? Otherwise, how does the client sign? And where does the client key pair come from? I'm pretty sure my browsers (i.e., clients) don't have their own keys & certificates.
TIA for answering my silly questions.
Handshake integrity validation is always done, no matter which key exchange is used, and with effectively throw-away keys. So there's nothing there to protect long-term; those keys are going to disappear after the TLS session is complete.
The key difference with the RSA key exchange is that it forever leaves behind a piece of data encrypted with the private key (that can be recovered). Other key exchange methods use signatures, which have no value once the TLS session is complete.
(2) Public cryptography is not well suited for dealing with high volumes of data. Abstracting a little bit, handshake integrity is done via a HMAC, using keys that are negotiated for each session separately. Once the session is complete, these keys also disappear.
I don't see how this proves anything as a MITM attack would be able to do this just fine. Perhaps you mean this is where the CA-Cert comes in as the client can then verify that the process has not be tampered as the attacker can not sign with the matching CA-cert?