If such a tape existed for anyone else and was in the hands of a foreign government, that person would not be able to get the lowest level of security clearance in the US because the opportunity for blackmail places them at great risk.
In an ideal world Americans would be more like the French and not care about people’s personal consensual sex lives at all, in which case the tape would lose all its blackmailing power, but since the American public does care, the possibility of blackmail is real.
It's unclear to me whether that even counts as a kink: if it's true, I'm not sure Trump was getting a sexual thrill out of it. My guess is that it's more of an unchecked mental illness, with Trump as Captain Ahab chasing after his great white whale.
But that's a problem because it's exactly this kind of conversational shift that makes derailment a good tactic for mitigating the impact of political scandals.
AFAIK, there's no more or less reason to believe it now than there was when it first came out.
He is also dumb, but that has nothing to do with being a racist or our discussion.