If you do import foo (inside bar.py) and import bar (inside foo.py), it will work fine. By the time anything actually runs, both modules will be fully loaded and will have references to each other.
The problem is when instead you do from foo import abc (inside bar.py) and from bar import xyz (inside foo.py). Because now each module requires the other module to already be imported (so that the name we are importing exists) before it can be imported.