The Trump administrations efforts to dismantle diversity, equity, and inclusion (DEI) programs in the U.S. arent just affecting American Pride celebrations this year. Events across Europe are reportedly also feeling the pinch as corporate sponsors pull back their financial support for fear of crossing the president.According to Context News, organizers in Greece, Bulgaria, Estonia, Denmark, Germany, and other European countries have all seen a marked decrease in corporate sponsorships this year, which they attribute to the Trump effect. Related Hungary banned Pride. Now European leaders will march in Budapest Pride in solidarity. Over 70 European officials are going to Hungary to remind everyone that Pride is a protest. In January, President Donald Trump signed an executive order aimed at ending DEI efforts within the federal government, while also pressuring private sector companies to follow suit. Even before Trump took office for his second term, major American brands like McDonalds, Walmart, Ford, Harley-Davidson, John Deere, and Lowes all announced they would roll back or end their DEI initiatives, likely in response to right-wing pressure. Insights for the LGBTQ+ community Subscribe to our briefing for insights into how politics impacts the LGBTQ+ community and more. Subscribe to our Newsletter today Corporations have also been reassessing their contributions to Pride celebrations. In April, Gravity Research found that 39 percent of companies surveyed said they planned to reduce Pride-related engagement for 2025. Senior corporate leaders cited fear of potential investigations by the Trump administration over DEI as their top reason for pulling back on Pride marketing. Meanwhile, Pride celebrations across the country, including in major markets like New York and San Francisco, have reported significant budget shortfalls this year. And according to Context, the corporate disinvestment in Pride isnt limited to the U.S.This year has been more difficult than usual as many major businesses have chosen to pull back from Pride, Benjamin Hansen, chairperson of Copenhagen Pride, told the outlet.European Pride Business Network chairman Matthais Weber noted that some companies are becoming more cautious due to political polarization and pressure from the far-right, especially those influenced by U.S. culture wars. We can certainly speak of a Trump effect as part of a global culture war against minority rights, Marcel Voges, a board member with Berlins Christopher Street Day Pride march, told the outlet. In April, Christopher Street Day organizers said they were 200,000 euros (about $228,660) short of their budgetary goals, while organizers in Cologne and Munich reported similar shortfalls.In Greece, Athens Pride organizers said sponsorship revenue was down 30 percent this year, while the director of Thessaloniki Pride reported that sponsors have scaled back their contributions, with some asking for less broad visibility. Prague Pride has reported a 15,000 euro sponsorship shortfall compared to last year, and nearly a year after Bulgaria followed in Russias footsteps by enacting a law banning LGBTQ+ propaganda, funding for Sofia Pride is down 50 percent. Im not just worried, Im genuinely frightened about what the next four years could mean for smaller Prides like Sofia Pride, Simeon Vasilev, chairman of the Bulgarian LGBTQ+ group GLAS Foundation, told Context. Without vocal political backing, I fear we wont be able to make meaningful progress on issues like marriage equality or trans rights. Worse, we risk losing hard-won ground. This could take us years backward.A spokesperson for Munichs Christopher Street Day celebration noted that the loss of support from corporate sponsors also comes at a time of increased security costs, following attempts by far-right groups to disrupt Pride events in 2024.But according to Context, some organizers across Europe remain hopeful that they can make up the funding gap caused by Trumps pressure on corporations before July and August, when many European Pride celebrations take place. In Berlin, Christopher Street Day organizers are seeking donations from supporters to make up for the loss of corporate sponsorship.As Christopher Street Day Berlin chairman Vogel explained, Pride celebrations are more important than ever. While right-wing and anti-queer forces gain influence across Europe, Vogel said, what is needed is the opposite: a clear sign of solidarity from business, politics, and society.Subscribe to theLGBTQ Nation newsletterand be the first to know about the latest headlines shaping LGBTQ+ communities worldwide.