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Go to Xcode
Open Preferences or settings
Go to Locations
Find “Command Line Tools” options
Select Xcode X.X.X depending on the version of Xcode installed
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there no any "Command Line Tools" selected in the Xcode settings.
After selecting some it worked for me. Here is how it should look like:
https://github.com/expo/create-react-native-app/issues/74#issuecomment-286879894