Without strict settings, it will let you pass this value as of any other type and introduce a bug.
But with strict settings, it will prevent you from recovering the actual type dynamically with type guards, because it flags the existence of the untyped expression itself, even if used in a sound way, which defeats the point of using a gradual checker.
Gradual type systems can and should keep the typed fragment sound, not just give up or (figuratively) panic.
In my experience "almost" is doing a lot of heavy lifting here. Typing in python certainly helps, but you can never quite trust it (or that the checker detects things correctly). And you can't trust that another developer didn't just write `dict` instead of `dict[int, string]` somewhere, which thus defaults to Any for both key and value. And that will type check (at least with mypy) and now you lost safety.
Using a statically typed language like C++ is way better, and moving to a language with an advanced type system like that of Rust is yet another massive improvement.
Although I've found that much of the pain of static type checks in Python is really that a lot of popular modules expose incorrect type hints that need to be worked around, which really isn't a pleasant way to spend one's finite time on Earth.
Typescript (and Flow to a lesser extent) had this problem once upon a time. It’s a lot better today, so I imagine it will continue to improve.